PRISM files IPO papers for Rs 6650 crore fresh issue, reports Rs 748 crore profit in 9MFY26Oyo's parent company, PRISM, has filed its IPO papers with SEBI, planning a Rs 6,650 crore fresh issue to repay borrowings. The hospitality...
Suspect in custody after New York hotel fire kills 6, leaves several displaced; fire and ambulance crews on scene amid rescue ops — updates insideTragedy struck a New York hotel as a devastating fire claimed six lives and left many homeless. Authorities have arrested a man charging hi...
Room for less: Could short-stay hotels be the next big thing in hospitality?Hourly Hotels: This works on a pay-for-use model where guests pay only for the duration they need a room — typically 3-9 hours. The busines...
Indian corporations poised to become large brand owners in US: Oyo founder Ritesh AgarwalIndian companies are poised to become significant brand owners in the United States. This shift will enhance India's global influence beyon...
Oyo parent Prism gets Sebi nod for IPO; plans to raise Rs 6,650 crore: SourcesHospitality firm Oyo's parent company, Prism, has received SEBI's approval for its IPO, aiming to raise Rs 6,650 crore. The company plans t...
Rs 5,000 ka dosa, Rs 6,000 ki taxi: Indian traveller says it's not worth travelling abroad if you are earning in rupeesA viral video highlights the stark reality of international travel costs for Indians earning in rupees. Content creator Aakriti Pandey shar...
Redistricting battle intensifies in states after US Supreme Court ruling on Voting Rights ActA Supreme Court decision weakening the Voting Rights Act has spurred Republican officials in several states to redraw congressional distric...
Oyo estimates Rs 1,100 crore PAT for FY26: Founder Ritesh AgarwalThe company expects Ebitda of Rs 2,000 crore for the same period, on the back of a strong top-line growth, buoyed by the recent Motel 6 acq...
Oyo to invest USD 10 mn for growth of US-based G6 Hospitality's digital assetsOyo plans to invest $10 million to enhance G6 Hospitality's digital assets in the US. The company focuses on improving the Motel 6 website ...
Oyo to invest $10 million in US-based G6 Hospitality's digital assetsThe company plans to accelerate G6 Hospitality's growth, targeting the addition of over 150 hotels in 2025 under the Motel 6 and Studio 6 b...
Not Shimla or Manali, OYO’s Ritesh Agarwal surprised by the hill stations that took the lead in New Year bookingsOYO Rooms' founder, Ritesh Agarwal, has revealed that several lesser-known hill stations and spiritual destinations saw a dramatic surge in...
AAHOA Welcomes OYO's Acquisition of G6 BrandsWith an estimated 98% of G6 Hospitality properties owned by AAHOA Members, this landmark deal marks a promising opportunity for continued g...
OYO estimates EBITDA to cross Rs 2,000 cr in FY26 with Motel 6 acquisitionOYO's EBITDA is projected to exceed Rs 2,000 crore by 2025-26, driven by the acquisition of Motel 6. The travel tech company expects Motel ...
Oyo snaps up US chain Motel 6 in $525 million all-cash deal, eyes overseas expansionOYO, the travel tech platform, is set to acquire American budget hotel chain Motel 6 and Studio 6 brands from Blackstone Real Estate for US...
Save money while traveling by availing these budget services, you will not be disappointed!Travel often comes across as expensive but that is definitely not the case if you have tricks up your sleeve to cut down your expenses but ...
Sebi to auction Suman Motels' 2 land parcels next monthThe move is part of an effort by Sebi to recover money that the company had illegally mobilised from people.
- Private equity biggie in talks to buy Bangalore Co Vrindavan for 900 crore
The deal is expected to value Vrindavan at about Rs 2,200 crore after factoring Rs 1,200 crore debt and possible payouts to state governmen...