OYO closes Motel 6 deal, expects EBITDA accretion of Rs 630 Cr in FY25-26

Quick Summary:

With a profitable year under belt, OYO is looking to expand its global portfolio as it looks at public listing plans.

It will add about 1,500 franchised hotels across the US and Canada to OYO's portfolio, contributing $1.7 billion in gross booking value.

The company will retain its franchise operations while integrating corporate functions with OYO's global teams.

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Article Details

Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets: IndiaCanadaCroatiaDenmarkGermanyNorwaySweden

Topics: Motel Portfolio Company Vacation Hospitality Privacy Acquisition Deal Policy Crore Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 14:47:55 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 297 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 24599449

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

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