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LODGING FRANCHISOR
Coforge-Cigniti merger; Oyo acquires G6 HospitalityHappy Tuesday! Coforge and Cigniti Technologies move closer to a merger. This and more in today’s ETtech Morning Dispatch.
24 Dec, 2024, 08.03 AM IST
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...
23 Dec, 2024, 08.07 PM IST
Electronics sales on q-comm; Oyo acquires G6 HospitalityConsumers are now shopping for electronics on quick commerce platforms. This and more in today’s ETtech Top 5.
23 Dec, 2024, 08.00 PM IST
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...
15 Dec, 2024, 04.09 PM IST
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...
18 Nov, 2024, 10.19 AM IST
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...
16 Nov, 2024, 01.12 PM IST
Oyo registers Rs 158 crore net profit in July-Sept quarterThe hospitality company had made a loss of Rs 50 crore in the same period last year. Its emphasis on premiumisation through the launch of c...
24 Oct, 2024, 07.38 PM IST
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
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
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