{"id":858494,"date":"2024-09-23T08:08:59","date_gmt":"2024-09-23T02:38:59","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=858494"},"modified":"2024-09-23T08:19:48","modified_gmt":"2024-09-23T02:49:48","slug":"oyo-to-buy-us-hotel-brand-in-525-mn-all-cash-deal","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/09\/23\/oyo-to-buy-us-hotel-brand-in-525-mn-all-cash-deal\/","title":{"rendered":"OYO to buy US hotel brand in $525-mn all-cash deal"},"content":{"rendered":"<p>Travel tech unicorn OYO is set to acquire G6 Hospitality, the parent company of iconic budget hotel brands Motel 6 and Studio 6, from Blackstone Real Estate for $525 million in an all-cash deal. <\/p>\n<p>The acquisition is expected to bolster OYO\u2019s international expansion plans. The IPO-bound company entered the US market in 2019 and currently operates over 320 hotels across 35 states. It aims to add 250 hotels to its US portfolio in 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Travel tech unicorn OYO is set to acquire G6 Hospitality, the parent company of iconic budget hotel brands Motel 6 and Studio 6, from Blackstone Real Estate for $525 million in an all-cash deal. The acquisition is expected to bolster OYO\u2019s international expansion plans. The IPO-bound company entered the US market in 2019 and currently operates over 320 hotels across 35 states. It aims to add 250 hotels to its US portfolio in 2024.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-858494","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/858494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=858494"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/858494\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=858494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=858494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=858494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}