OYO’s parent company, Oravel Stays, is set to purchase G6 Hospitality, the owner of Motel 6 and Studio 6 brands, from Blackstone Inc. for $525 million in an all-cash deal.
This acquisition marks a significant step for OYO, which has been expanding its presence in the U.S. since launching there in 2019. Currently, OYO operates over 320 hotels across 35 states and added nearly 100 hotels to its…
VRO Hospitality, a hospitality chain that owns and operates F&B brands such as Mirage, Hangover, Badmaash, Nevermind, and Tycoons, has raised $3 million (Rs 22.5 crore) in a blend of value and obligation funding in Series A round drove by CreedCap Asia Advisors along with undisclosed angel investors.
According to the Bengaluru-based startup, the fresh funds will be used to expand its reach to…
