OYO To Invest $10 Mn In G6 Hospitality’s Digital Assets

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SUMMARY

Through this investment, the company aims to grow Motel 6 website and My6 application by strengthening the number of app installations by 4X

Last year, OYO’s parent Oravel Stays Ltd acquired G6 Hospitality from Blackstone Real Estate for $525 Mn (around INR 4382.72 Cr) in an all-cash transaction

As of 2024, OYO claims to offer over 40 integrated products and solutions to patrons who operate above 157K hotel and home storefronts in more than 35 countries

Ritesh Agarwal-led hospitality giant OYO is looking to invest…



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OYO To Invest $10 Mn In G6 Hospitality’s Digital Assets


SUMMARY

Through this investment, the company aims to grow Motel 6 website and My6 application by strengthening the number of app installations by 4X

Last year, OYO’s parent Oravel Stays Ltd acquired G6 Hospitality from Blackstone Real Estate for $525 Mn (around INR 4382.72 Cr) in an all-cash transaction

As of 2024, OYO claims to offer over 40 integrated products and solutions to patrons who operate above 157K hotel and home storefronts in more than 35 countries

Ritesh Agarwal-led hospitality giant OYO is looking to invest…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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