{"id":858560,"date":"2024-09-23T09:17:29","date_gmt":"2024-09-23T03:47:29","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=858560"},"modified":"2024-09-23T09:18:23","modified_gmt":"2024-09-23T03:48:23","slug":"oyo-acquires-g6-hospitality-for-525-million-dollars-expands-us-footprint","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/09\/23\/oyo-acquires-g6-hospitality-for-525-million-dollars-expands-us-footprint\/","title":{"rendered":"OYO acquires G6 hospitality for 525 million dollars, expands US footprint"},"content":{"rendered":"<p>Oravel Stays, the parent company of the global travel technology firm OYO, announced on Saturday that it is acquiring US-based G6 Hospitality from Blackstone Real Estate for $525 million in an all-cash deal. The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions. <\/p>\n<p>G6 Hospitality, a leading economy lodging franchisor, is the parent company of the well-known Motel 6 and Studio 6 brands. The franchise network of Motel 6 generates gross room revenues of $1.7 billion, which provides a strong fee base and cash flow for G6.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oravel Stays, the parent company of the global travel technology firm OYO, announced on Saturday that it is acquiring US-based G6 Hospitality from Blackstone Real Estate for $525 million in an all-cash deal. The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions. G6 Hospitality, a leading economy lodging franchisor, is the parent company of the well-known Motel 6 and Studio 6 brands. The franchise network of Motel 6 generates gross room revenues of $1.7 billion, which provides a strong fee base and cash flow for G6.<\/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":[75,4,17],"tags":[],"class_list":["post-858560","post","type-post","status-publish","format-standard","hentry","category-it-2-the-new-indian-express","category-newspapers","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/858560","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=858560"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/858560\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=858560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=858560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=858560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}