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MOTEL 6 ACQUISITION
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...
- Oyo changes corporate entity name to PrismOravel Stays, parent of Oyo, has rebranded as Prism to reflect its global portfolio across hotels, vacation homes, and coworking spaces. Pr...
- Oyo to meet bankers next week for third IPO attempt; eyes $5–7 billion valuationOyo's parent company, Oravel Stays, is preparing for its third IPO attempt, aiming for a March-April 2026 listing. This push is influenced ...
- US drives a quarter of Oyo's FY25 revenue: Founder Ritesh Agarwal to leadersOyo's FY25 revenue landscape saw a significant shift with its US businesses, boosted by the G6 Hospitality acquisition, contributing 24% of...
- Oyo elevates Sonal Sinha as CEO of newly acquired G6 HospitalityOyo has appointed Sonal Sinha as CEO of G6 Hospitality, the American motel company it recently acquired. This addition is expected to bring...
- 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 investors look to sell stake at $3.9-billion valuationHospitality startup Oyo’s early investors, such as Lightspeed Venture Partners, are in talks with family offices to divest a portion of the...
- 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...
- Oyo completes G6 Hospitality acquisition from Blackstone Real Estate for $525 millionOyo has acquired G6 Hospitality, including Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million. This acquisition will...
- Oyo's valuation at $4.6 billion after Nuvama Wealth acquires Rs 100 crore stakeOyo's valuation reached $4.6 billion after Nuvama Wealth's recent share acquisition. Founder Ritesh Agarwal also bought back shares. The co...
- Deutsche Bank to refinance Oyo's Term Loan BOyo is refinancing its $450 million debt and adding $375 million to acquire G6 Hospitality. Moody's upgraded Oyo's rating to B2, projecting...
- Ritesh Agarwal to invest Rs 550 crore to increase his shareholding in OyoOyo's CEO, Ritesh Agarwal, is increasing his stake in the company by purchasing an additional Rs 550 crore worth of shares. This move comes...
- Oyo's share dips to Rs 55 despite strong second quarter profitsOyo's shares are currently trading at a discounted valuation despite the company reporting strong financial performance and projecting sign...
- 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 ...
- Blackstone sells US motel chain G6 Hospitality to Oyo in $525 million all-cash dealPrivate equity giant Blackstone said the deal is expected to close before the end of the year, and would include the chain's offshoot hotel...
- 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...
- Why PM Modi is more alluring to the Patels of America than bellows for quotas back homeIt is safe to conclude that the reservation movement back home hasn’t exactly struck a chord with the Motel Patels. It would appear prepost...
- GHCL acquires US-based Best Manufacturing GroupDalmia led GHCL has acquired HW Baker division of US based Best Manufacturing Group in a deal worth $6.75 million.
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