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MOTEL RATING
Oyo parent files updated DRHP for Rs 6,650 crore IPO: Key things to knowOyo's parent company, Prism, has filed for a Rs 6,650 crore IPO, with plans for a potential pre-IPO placement. The bulk of the funds will b...- Oyo parent Prism files updated IPO papers for fresh issue worth Rs 6,650 croreOYO parent Prism, formerly Oravel Stays, has filed an updated DRHP with SEBI for a Rs 6,650 crore IPO entirely through fresh issue. Proceed...
- 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...
- 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...
- Branded hotels set for big growth on infrastructure pushIndia’s branded hospitality sector is projected to grow at a 13.4% CAGR to $45.39 billion by 2030, driven by infrastructure expansion, risi...
- 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...
- Moody's upgrades OYO parent Oravel Stays rating; outlook stableMoody's Ratings has upgraded the corporate family rating (CFR) of Oravel Stays Limited -- travel tech platform OYO's parent firm -- and the...
- 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...
- 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 ...
- Apeejay Surrendra Park Hotels Q3 Results: Co posts total income of Rs 164 crore, PAT at Rs 27.4 croreThe company posted a profit of Rs 27.4 crore, repaid long-term debt, and inaugurated five new hotels. The company said for the first nine m...
- Expect moderation in US inflation in first half of 2022, says Moody's Ryan Sweet“Powell’s announcement that the Fed could taper later this year was not really surprising. ”
- Love hotel janitor turns tycoon with plans to sweep away sleazeLee is founder of Yanolja, Korean for “hey, let’s play” and the country’s most popular app for booking rooms at the short-stay lodgings, wh...
- View: Inflation is not always a monetary phenomenonHave economists been wrong all along, or has something changed in the economy that has weakened the expected link between inflation and une...
- Tourism ministry to rate motels, legacy vintage propertiesHeritage category hotels are currently classified as heritage grand, heritage classic with or without alcohol service, and heritage basic.
- ICRA forecasts 16.6% growth in non-aeronautical revenues of airports by 2025Some of the common non-aeronautical activities include food and beverage business, duty-free shops, leasing of terminal space, and running ...
- Lessons from 50 start-ups: HMS Infotech writes software to help small hotels run betterAccel then took charge of the company as the principle investor in 2012 and invested $1.2 million along with Blume Ventures and Mumbai Ange...
- Wonder & awe of Niagara Falls and Grand CanyonThe Niagara Falls and Grand Canyon strike a common chord due to their sheer enormity, beauty and the overwhelming experience they provide t...
- Lalu wants students to have honesty, dedication and visionRailway Minister Lalu Prasad Yadav said on Friday, exhorted students to keep three points in mind -- honesty, dedication to the organisatio...
- Watch out, it's time to pay up, folks!Hotel stay, power, legal advisory, amusement & recreation are likely to come under tax net this fiscal.
- US-based budget hotels plan India forayIt’s not only the promoters of US-based Patel Motels who are looking to re-create their success in India.
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