{"id":890671,"date":"2024-12-24T09:05:56","date_gmt":"2024-12-24T03:35:56","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=890671"},"modified":"2024-12-24T09:20:12","modified_gmt":"2024-12-24T03:50:12","slug":"oyo-buys-us-based-g6-hospitality-from-blackstone-for-525-mn-adds-1500-hotels","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/12\/24\/oyo-buys-us-based-g6-hospitality-from-blackstone-for-525-mn-adds-1500-hotels\/","title":{"rendered":"Oyo buys US-based G6 Hospitality from Blackstone for $525 mn, adds 1,500 hotels"},"content":{"rendered":"<p>Bengaluru: Ritesh Agarwal-led Oyo has completed the acquisition of US-based G6 Hospitality, which operates the Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million and the deal is projected to increase its Ebitda to over \u20b92,000 crore in FY26, the travel-tech startup said in a statement on Monday. <\/p>\n<p>Ebitda stands for earnings before interest, taxes, depreciation, and amortization, and is a key measure of a company&#8217;s profitability.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bengaluru: Ritesh Agarwal-led Oyo has completed the acquisition of US-based G6 Hospitality, which operates the Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million and the deal is projected to increase its Ebitda to over \u20b92,000 crore in FY26, the travel-tech startup said in a statement on Monday. Ebitda stands for earnings before interest, taxes, depreciation, and amortization, and is a key measure of a company&#8217;s profitability.<\/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":[55,13,4],"tags":[],"class_list":["post-890671","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/890671","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=890671"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/890671\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=890671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=890671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=890671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}