G6 Hospitality is fully acquired by OYO
Global travel tech company OYOhas procured G6 Hospitality, operators of Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million.
The deal is anticipated to increment OYO's EBITDA to over Rs 2,000 crore ($238 million) in FY26. Motel 6 is anticipated to contribute an EBITDA of over Rs 630 crore ($75 million) in the coming monetary year, which will be the to begin with full year of its integration.
The securing adds around 1,500 franchised hotels over the US and Canada to OYO's portfolio, essentially growing its North American nearness. The combined substance is anticipated to create a Gross Booking Value of roughly $3 billion, with G6 Hospitality contributing $1.7 billion.
OYO has extended its European nearness through vital acquisitions under OYO Vacation Homes (OVH). With over 184,000 properties over Europe, the US, the UK, Southeast Asia, and the Center East, Europe stands as one of OYO's key markets.
The company's portfolio incorporates DanCenter, a excursion home management company overseeing 12,000 properties across Denmark, Sweden, Norway, and Germany. Since its acquisition in 2019, DanCenter has multiplied both income and advertise nearness, developing as one of Denmark's driving excursion rental operators.
OVH's brands incorporate Belvilla, which oversees 65,000-holiday homes over 20 nations, and Traum-Ferienwohnungen, an online get-away rental stage with 100,000 homes.
The company further strengthened its European nearness by acquiring Coordinate Booker in Croatia (3,200 homes) in 2022 and most as of late, CheckMyGuest,a premium get-away rental company based in Paris.
The integration arrange includes technological headways, with OYO's 300-member item pro group set to improve visitor encounter and operational proficiency.
source: entrackr.