OYO Makes Big Moves with Leadership Changes and U.S. Expansion
OYO, the hospitality giant led by Ritesh Agarwal, is making waves in the industry with a leadership change and an exciting expansion in the U.S. The company has appointed Sonal Sinha as the Chief Executive Officer of G6 Hospitality, the U.S.-based motel chain OYO acquired last December.
This move comes after OYO’s acquisition of G6…
In an exciting move to further expand its global presence, OYO, the Indian travel-tech giant led by Ritesh Agarwal, has announced a $10 million investment in the U.S.-based G6 Hospitality, which owns popular hotel chains like Motel 6 and Studio 6. This comes after OYO’s acquisition of G6 Hospitality from Blackstone Real Estate in a $525 million all-cash deal.
This strategic investment is set to…
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…
In a significant move to bolster its presence in the U.S. hospitality market, OYO has announced its acquisition of G6 Hospitality, the parent company of the well-known Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million in an all-cash transaction. The deal is anticipated to close in the fourth quarter of 2024, pending customary closing conditions.
This acquisition positions…
In a significant move to bolster its presence in the U.S. hospitality market, OYO, the India-based parent company of Oravel Stays, has announced its acquisition of G6 Hospitality, the franchiser of the well-known Motel 6 and Studio 6 brands, for $525 million. This all-cash transaction, backed by Blackstone Real Estate, is expected to close in the fourth quarter of 2024, pending customary closing…
