Court comes down heavily on Bailiff who sealed Oyo's office, says action is illegalOyo's Ahmedabad office was sealed due to a warrant favoring a hotelier over unpaid dues but was reopened following a court ruling that deem...
01 Oct, 2024, 10.36 PM IST
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 ...
24 Sep, 2024, 02.00 PM IST
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...
21 Sep, 2024, 08.08 PM IST
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...
21 Sep, 2024, 10.57 AM IST
Wyndham Hotels bets on India’s frequent flyers for growthWyndham Hotels & Resorts has 59 operational hotels in India. It has 37 hotels in the pipeline in the country, with plans to open 13 hotels ...
06 Apr, 2024, 10.25 AM IST
CCI fines MakeMyTrip, Oyo for anti-competitive conductThe Competition Commission of India (CCI) has been investigating the companies since 2019 following allegations by a hotel body that MakeMy...
19 Oct, 2022, 08.20 PM IST
Fast food chain Subway drags taxman to court over GST on intellectual property rightsThe American fast food chain told the court that the taxman kept issuing summons without following due process
24 Nov, 2021, 03.03 PM IST
Choice Hotels plans to open 11 new hotels in India in 2020Choice Hotels India, a wholly-owned subsidiary of the US-based hospitality company Choice Hotels International, is looking to open 11 new h...
22 Dec, 2019, 01.00 PM IST
Hotel association frenzy misplaced, will lead to price increase of up to 40%: OyoOyo said it has received recommendations from industry body FHRAI and will continue to engage with it and its asset owners on a one to one ...
12 Dec, 2018, 07.56 AM IST
China Lodging Group inks MoU with Oyo, invests $10 millionOyo had recently raised $250 million in a funding round led by Softbank Vision Fund.
13 Sep, 2017, 02.35 PM IST
Franchisees scale down operations amid competition from online rivals“Franchisees are realising that despite doing most of the work, they live on thin margins, ultimately it is the (franchisor) brands whose v...
28 Jul, 2017, 12.19 AM IST
- Carlson Hotels eyes full control in RHW
US-based Carlson Hotels Worldwide is in talks to acquire complete ownership of RHW Hotel Management company that runs Radisson in India.
13 Sep, 2008, 12.33 AM IST
- DLF & Sarovar betting big on India’s first inland gambling den
India’s great gamblers won’t need to hotfoot it to casino capitals like Macao or Monaco (or closer home, even Kathmandu) for a quick turn a...
27 Feb, 2008, 02.52 AM IST
- Franchising: Opportunities and Challenges in India
To all of us as consumers, a McDonald's or a KFC or a Café Coffee Day for that matter in India, or abroad largely look the same.
04 Feb, 2008, 04.15 AM IST
- The hero of India's floral retail
A true entrepreneur is one who sees opportunities where others see problems,” says Vikaas Gutgutia, the mastermind behind Ferns'N'Petals, I...
22 Oct, 2007, 12.00 AM IST
- GHCL signs 100 mn dlr contract with Starwood Hotels
Textile firm GHCL on Tuesday said it has signed a multi-year 100-million-dollar contract with US-based Starwood Hotels and Resorts Worldwid...
08 May, 2007, 08.35 PM IST
- 4th International Franchise Expo, Delhi
Franchise India 2006, Asia’s biggest franchise expo returns after the mega success of Franchise India 2005, which attracted 121 companies a...
09 Nov, 2006, 02.06 AM IST