Go Unlimited with Magzter GOLD
Get unlimited access to 9,500+ magazines, newspapers and Premium stories for just
Try GOLD - Free
OYO completes acquisition of G6 Hospitality for $525 million
The Daily Guardian
|December 24, 2024
OYO has completed its acquisition of Motel 6 and Studio 6 brands, from Blackstone Real Estate for USD 525 million, marking a significant milestone in expanding the company's global footprint, the online hotels and hospitality services provider company said on Monday.
-
On September 20, OYO agreed to acquire US-based G6 Hospitality, the parent company of the Motel 6 and Studio 6 brands, in an all-cash transaction.
As per a statement from OYO on Monday, the deal is projected to increase OYO's EBITDA to over Rs 2,000 crore in the upcoming financial year - 2025-26. Motel 6 is expected to contribute an EBITDA of over Rs 630 crore in the coming financial year.
This story is from the December 24, 2024 edition of The Daily Guardian.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Daily Guardian
The Daily Guardian
Benjamin wins 400-m at World Championships
American Rai Benjamin was declared the winner of the 400-meter hurdles at world championships Friday night after officials overrode an initial disqualification for slightly dislodging a hurdle in the lane next to him when he knocked over his own.
1 min
September 20, 2025
The Daily Guardian
CYCLOSTYLE AT MIDNIGHT: TWO YEARS OF UNDERGROUND PRESS OF THE EMERGENCY
The Emergency taught readers to “read between the lines” and proved that when speech is policed, literature multiplies ways to speak.
7 mins
September 20, 2025
The Daily Guardian
Air India crash: Plea in SC seeks full disclosure of data retrieved
A plea has been filed in the Supreme Court seeking directions to the Centre to disclose the complete data retrieved from the crashed Air India Boeing 787-8 Dreamliner, which met with a fatal accident on June 12, 2025, in Ahmedabad, killing 260 people.
1 min
September 20, 2025
The Daily Guardian
SC dismisses plea by Airtel, Vodafone Idea seeking correction of errors
Ina major setback for big telecom companies, the Supreme Court of India on Friday dismissed all the applications filed by Bharti Airtel and Vodafone Idea seeking a direction for correction of errors in Adjusted Gross Revenue calculation.
1 min
September 20, 2025
The Daily Guardian
Prashant wonders how Bihar Dy CM got D-Litt without clearing Class 10 exams
Jan Suraaj Party founder Prashant Kishor on Friday wondered how Bihar Deputy Chief Minister Samrat Choudhary possessed a D-Litt degree without clearing the class 10 exams.
2 mins
September 20, 2025
The Daily Guardian
7 dead, several missing in Chamoli cloudburst, reveals U’khand Govt
Uttarakhand State Disaster and Rehabilitation Secretary Vinod Kumar Suman on Friday briefed about the damage caused following the cloudburst in Chamoli on Thursday
1 min
September 20, 2025
The Daily Guardian
Russian President Putin has 'let me down,' says Trump
Despite a summit between Putin and Trump at Alaska, during which the US leader urged the Russian president to bold talks with his Ukrainian counterpart Volodymyr Zelensky, a peace deal did not materialise.
1 mins
September 20, 2025
The Daily Guardian
SC upholds K’taka govt’s choice of Banu Mushtaq for Mysuru Dasara
Karnataka Chief Minister Siddaramaiah on Friday welcomed the Supreme Court's dismissal of a petition against the state government's decision to invite Booker Prizewinning writer Banu Mushtaq to inaugurate the Mysuru Dasara celebrations this year.
1 min
September 20, 2025
The Daily Guardian
Nitish Katara murder case: Plea seeks perjury action against Vikas Yadav
The Delhi High Court was on Friday urged to initiate perjury proceedings against Nitish Katara murder case convict Vikas Yadav for allegedly lying about the date of his recent marriage.
1 mins
September 20, 2025
The Daily Guardian
Kerala Oppn walks out after Speaker denies motion on missing Sabarimala gold
The Congress-led opposition staged a walkout from the Kerala assembly on Friday after Speaker A N Shamseer denied them permission to move an adjournment motion to discuss the alleged disappearance of over 4 kg of gold from Sabarimala.
1 mins
September 20, 2025
Listen
Translate
Change font size