Motel 6 is sold to an Indian hotel company for $525 million

  • 📰 NPR
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Österreich Nachrichten Nachrichten

Österreich Neuesten Nachrichten,Österreich Schlagzeilen

The sale to Oyo, a travel business, will include the Studio 6 motel brand, which caters to customers seeking extended stays. The all-cash transaction is expected to be finalized by the end of the year.

Motel 6, the economy budget motel that has existed for six decades, announced that it will be acquired by Oyo, an Indian-based travel company, in a multi-million dollar sale.Motel 6’s parent company, Blackstone,

"This acquisition is a significant milestone for a start-up company like us to strengthen our international presence," Oyo International’s chief executive, Gautam Swaroop, said in a statement.Oyo, which expanded into the U.S. five years ago, was founded in 2013 and operates 320 hotels across 35 states. Last year, the India-based company added roughly 100 additional hotels to its U.S. portfolio.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 96. in AT
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Motel 6 is sold to an Indian hotel company for $525 millionThe sale to Oyo, a travel business, will include the Studio 6 motel brand, which caters to customers seeking extended stays. The all-cash transaction is expected to be finalized by the end of the year.
Herkunft: KPBSnews - 🏆 240. / 63 Weiterlesen »