{"id":890884,"date":"2024-12-26T07:49:45","date_gmt":"2024-12-26T02:19:45","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=890884"},"modified":"2024-12-26T07:51:09","modified_gmt":"2024-12-26T02:21:09","slug":"oyo-completes-us-based-g6-hospitality-acquisition-for-525-million","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/12\/26\/oyo-completes-us-based-g6-hospitality-acquisition-for-525-million\/","title":{"rendered":"Oyo completes US-based G6 Hospitality acquisition for $525 million"},"content":{"rendered":"<p>SoftBank-backed Oyo has acquired G6 Hospitality, the US-based operator of the Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million. <\/p>\n<p>The deal is expected to increase Oyo&#8217;s earnings before interest, taxes, depreciation and amortisation (Ebitda) to over Rs 2,000 crore in FY26. Motel 6 is projected to contribute an Ebitda of over Rs 630 crore in the coming financial year, the first full year of its integration, according to the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SoftBank-backed Oyo has acquired G6 Hospitality, the US-based operator of the Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million. The deal is expected to increase Oyo&#8217;s earnings before interest, taxes, depreciation and amortisation (Ebitda) to over Rs 2,000 crore in FY26. Motel 6 is projected to contribute an Ebitda of over Rs 630 crore in the coming financial year, the first full year of its integration, according to the company.<\/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":[9,34,4],"tags":[],"class_list":["post-890884","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/890884","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=890884"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/890884\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=890884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=890884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=890884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}