DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Blackstone - 1 Gautam Swaroop - 1 Rob Harper - 1 Oravel - 1
Top related locs:
Oyo India The New York U.S
Top related orgs:
The - 1 Hospitality - 1 Blackstone - 1 Estate Asset Management - 1

Search resuls for: "Oravel"


2 mentions found


☆ Motel 6 sold to Indian hotel operator Oyo for $525 million
  + stars: | 2024-09-21 | by ( ) www.cnbc.com   time to read: +1 min
The budget motel chain Motel 6 is being acquired by the parent company of Oyo, a hotel operator based in India. The New York-based investment firm Blackstone , which owns Motel 6's parent company G6 Hospitality, announced Friday that the deal would be an all-cash transaction worth $525 million. The transaction will also include the sale of the Studio 6 motel brand, which caters to customers seeking extended stays. Oyo, which launched in India just over a decade ago, has been expanding its footprint in the U.S. over the past few years. Under the deal, Oravel Stays, which owns Oyo, will acquire G6 Hospitality.
Persons: Blackstone, Gautam Swaroop, Rob Harper, Oravel Organizations: The, Hospitality, Blackstone, Estate Asset Management Locations: Oyo, India, The New York, U.S
☆ A Slimmed-Down Oyo Looks Better Placed for an IPO
  + stars: | 2022-09-23 | by ( Megha Mandavia | ) www.wsj.com   time to read: 1 min
Oyo Hotels & Homes has shelved some of its grand overseas ambitions. But the slimmed down, SoftBank-backed Indian startup looks stronger, too. If the recovery in budget travel, which is Oyo’s bread and butter, can gain a bit of steam, the company would be relatively well placed for a public listing, even in a tough market. Oyo, which is incorporated as Oravel Stays, on Monday disclosed data showing narrower losses and a rebound in sales for the year ended in March. For the first quarter of the current fiscal year, the company managed an operating profit—a pleasant surprise for a company with a long history of losses.
0 next >>
Total: 2