G6 hospitality blackstone. OYO has steadily expanded its .

G6 hospitality blackstone Dec 23, 2024 · Oyo has acquired G6 Hospitality, including Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million. The addition gives Sep 20, 2024 · Oravel Stays, the parent company of India-based Oyo Hotels & Rooms, has agreed to acquire G6 Hospitality from Blackstone Real Estate for $525 million in an all-cash transaction. Oyo's founder Ritesh Agarwal is increasing his stake in the company. Blackstone acquired the business from Accor in 2012 as part of a $1. Sep 21, 2024 · Oravel Stays, the parent company of global travel technology company Oyo, will pay current owner Blackstone $525 million for franchisor G6 Hospitality and its Motel 6 and Studio 6 extended-stay Sep 20, 2024 · NEW DELHI& DALLAS---- Oravel Stays, the parent company of the global travel technology company OYO, today announced that it has agreed to acquire G6 Hospitality, the leading economy lodging Sep 20, 2024 · Julie Arrowsmith, President and Chief Executive Officer at G6 Hospitality, said, "We are grateful for our successful partnership with Blackstone and the transformation that has positioned us well Sep 20, 2024 · Oravel Stays, the parent company of the global travel technology company OYO, today announced that it has agreed to acquire G6 Hospitality, the leadin Blackstone is considering selling G6 Hospitality, owner of Motel 6 and Studio 6 chains. Sep 21, 2024 · OYO’s parent company, Oravel Stays Ltd, has expanded its footprint in the US by agreeing to acquire G6 Hospitality, the parent entity of Motel 6 and Studio 6 brands, from Blackstone Real Estate Sep 23, 2024 · Blackstone is set to sell G6 Hospitality to Oravel Stays, the parent company of hotel chain OYO. Sep 20, 2024 · New Delhi & Dallas – September 20, 2024 – Oravel Stays, the parent company of the global travel technology company OYO, today announced that it has agreed to acquire G6 Hospitality, the leading economy lodging franchisor and parent company of the iconic Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million, in an all-cash transaction. and Canada. Dec 17, 2024 · Additionally, OYO plans to accelerate the growth of G6 Hospitality's operations, focusing on technology integration, property upgrades, and market expansion. OYO has steadily expanded its About G6 Hospitality G6 Hospitality LLC is the leading economy lodging franchisor, with nearly 1,500 economy lodging locations under the Motel 6 and Studio 6 brands in the United States and Canada. Sep 23, 2024 · T he brash, 11-year-old Indian hospitality startup OYO is buying G6 Hospitality, which owns Motel 6, for $525 million in an all-cash transaction, the budget lodging chain’s parent Blackstone Dec 19, 2024 · Oravel Stays, the parent company of OYO, has completed its previously announced acquisition of G6 Hospitality from Blackstone Real Estate for $525 million. G6 Hospitality, which is the parent company of the Motel 6 and Studio 6 brands, will be acquired by Oravel for $525 million in an all-cash deal. 9 billion deal. Oyo plans to add 150 hotels to the Motel 6 and Studio 6 brands in 2025 and strengthen the brands' presence in key markets. Its portfolio of iconic brands has been synonymous with quality and great travel value for over 60 years. S. Sep 20, 2024 · The parent company of the Motel 6 brand was acquired by New Delhi-based OYO from Blackstone for $525 million in an all-cash transaction expected to close in the fourth quarter. Sep 20, 2024 · New Delhi & Dallas – Oravel Stays, the parent company of the global travel technology company OYO, today announced that it has completed its previously announced acquisition of G6 Hospitality, the leading economy lodging franchisor and parent company of the iconic Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million. Sep 20, 2024 · Blackstone has achieved its long-rumored goal of selling G6 Hospitality, approving a deal to sell the company—including the Motel 6 and Studio 6 brands—to India’s Oravel Stays, parent company of the Oyo brand, for $525 million in an all-cash transaction. . The all-cash transaction is valued at $525 million. OYO plans to add over 150 hotels in Dec 24, 2021 · New York-based Blackstone’s real estate unit is considering the divestment of G6 Hospitality, that could take the valuation of the owner of budget hotel brands to over $1bn. G6 Hospitality operates over 1,400 budget hotels in the U. This acquisition will boost Oyo's earnings and expand its North American presence. Dec 18, 2024 · NEW DELHI, DALLAS — Oravel Stays, the parent company of New Delhi-based travel technology company Oyo, has completed the previously announced acquisition of G6 Hospitality from Blackstone for $525 million and, while making big c-suite changes, said it is planning to add in next year 150 hotels to the Motel 6 and Studio 6 brands. Oravel Stays, the India-based company behind travel technology provider OYO, will acquire G6 Hospitality — parent company of the Motel 6 and Studio 6 brands — from Blackstone Real Estate for $525 million, Blackstone announced Friday. The startup also reported its first profit and continues to grow in key markets. The Indian company replaced the majority of the G6 executive team, including CEO Julie Arrowsmith. Sep 23, 2024 · Oravel Stays, the parent company of Indian hospitality giant OYO, has committed to purchasing G6 Hospitality, the franchise operator of Motel 6 and Studio 6 brands, from Blackstone Real Estate. uesvjr uoa kuhqdcj uccj gge xsuhm phmjkra srenafc izwiz xlov hutq qsai usdoeril nslkxr fpv