Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Swaroop"


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
I made my way up from a senior consultant to manager and then a director," Swaroop told Business Insider. Swaroop, alongside many of his fellow Arthur Andersen & Co employees, moved to EY after it absorbed some of the Arthur Andersen & Co operations. 'I was at the right place at the right time'At EY, Swaroop shone. Swaroop told BI he read about Lucy Kellaway, the Financial Times editor who left journalism to become a trainee teacher. AdvertisementThree years on, Swaroop told BI he feels energized and inspired in his new career — even if he now earns a fraction of what he used to.
Persons: , Deepak Swaroop, Swaroop, Arthur Andersen, India Swaroop, EY, Lucy Kellaway, Kellaway, wouldn't Organizations: Service, Harvard, MIT, Business, Arthur Andersen & Co, Arthur Andersen &, Enron, Automation, Financial Times Locations: EY, London, India, Delhi, Mumbai, Europe, East, Africa
Total: 2