Oyo completes US-based G6 Hospitality acquisition for $525 million

Quick Summary:

The deal is expected to increase Oyo's earnings before interest, taxes, depreciation and amortisation (Ebitda) to over Rs 2,000 crore in FY26.

The company manages over 1,84,000 properties across Europe, the US, the United Kingdom (UK), Southeast Asia, and West Asia.

SoftBank-backed Oyo has acquired G6 Hospitality, the US-based operator of the Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million.

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Category: BusinessFinance

Markets: IndiaCanadaCroatiaDenmarkGermanyNorwaySwedenUnited Kingdom

Topics: Oyo DanCentre Oyo Vacation Homes Oyo acquisition Belvilla Vacation homes Motel 6 Oyo Ebitda Global hospitality expansion G6 Hospitality Ritesh Agarwal Oyo IPO Unicorn hospitality company Traum-Ferienwohnungen CheckMyGuest Paris Direct Booker Croatia Oyo North America Oyo Europe Blackstone Real Estate Studio 6

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-24 @ 13:12:59 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 380 words

Reading Time: 3 minutes read

Sentences: 17 lines

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Copyright Owner: © Business Standard

News ID: 24626849

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