Công ty khách sạn tiết kiệm lớn nhất Ấn Độ, Oyo, đã đạt được thỏa thuận để mua lại G6 Hospitality, mảng hoạt động của Motel 6, với giá 525 triệu USD. Thỏa thuận bao gồm thương hiệu lưu trú dài hạn Studio 6 và dự kiến sẽ hoàn tất vào quý tư năm nay. Oyo, một trong những công ty khởi nghiệp lớn nhất Ấn Độ, đã mở cửa hàng đầu tiên tại Mỹ vào năm 2019 và hiện đã hoạt động hơn 320 khách sạn trên 35 bang. Sự mở rộng mạnh mẽ của Oyo tại Bắc Mỹ thông qua việc mua lại Motel 6 – thương hiệu motel giá rẻ nổi tiếng nhất nước Mỹ, với mạng lưới franchising khoảng 1,500 địa điểm ở Mỹ và Canada. #Oyo #Motel6 #G6Hospitality #MergersAndAcquisitions #HospitalityIndustry
Nguồn: https://techcrunch.com/2024/09/21/indias-oyo-acquires-motel-6-for-525m/
One of India’s largest startups, budget hotel company Oyo, has reached a deal to acquire G6 Hospitality, which operates Motel 6.
Oyo says it will pay Blackstone Real Estate $525 million in an all-cash transaction. The acquisition also includes the Studio 6 extended stay brand and is expected to close in the fourth quarter of this year.
The Indian startup opened its first U.S. location in 2019 and now operates more than 320 hotels across 35 states. Oyo is dramatically expanding its North American footprint by acquiring Motel 6 — arguably the best-known budget motel brand in the country, with a franchise network of around 1,500 locations in the United States and Canada.
“This acquisition is a significant milestone for a startup company like us to strengthen our international presence,” said Oyo International CEO Gautum Swaroop in a statement. He added that Motel 6 will “continue to operate as a separate entity.”
Founded in 2012, SoftBank-backed Oyo’s was valued at $10 billion in 2019, but has struggled in recent years due to pandemic-related challenges, as well as criticism over practices such as offering rooms from unavailable or unlicensed hotels.
Over the summer, TechCrunch reported on a new funding round that saw the company’s valuation fall to $2.5 billion — less than its total capital raised. (Oyo has denied reporting about its lowered valuation.)
Motel 6, meanwhile, was founded in 1962. It popularized the budget motel concept (rooms originally cost $6 a night) and was eventually acquired by Blackstone for $1.9 billion in 2012.
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