रितेश अग्रवाल की कंपनी ओयो ने अमेरिका में बड़ी डील की है। कंपनी ब्लैकस्टोन रियल एस्टेट से जी6 हॉस्पिटैलिटी को खरीदने जा रही है। यह अमेरिका में मोटेल 6 और स्टूडियो 6 ब्रांड की पेरेंट कंपनी है।
#OYO #OYOHotel #OYOIPO #RiteshAgarwal
~PR.147~ED.70~GR.121~HT.96~
#OYO #OYOHotel #OYOIPO #RiteshAgarwal
~PR.147~ED.70~GR.121~HT.96~
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NewsTranscript
00:00In preparation for the IPO, Indian startup company OYO is expanding its business outside the country.
00:09Under this, the company is about to make a big deal in America.
00:13This deal is going to be completely in cash.
00:16So what is this deal and which company is OYO going to buy?
00:20Let's find out in this video.
00:21According to reports, OYO's parent company Aura Wealth Stage gave information about the proposed deal on Saturday.
00:27He said that the American company is ready to buy G6 Hospitality.
00:33G6 Hospitality does business with Motel 6 and Studio 6 brands in America.
00:38Motel 6 and Studio 6 are counted among the iconic budget hotel brands of America.
00:44OYO is buying the budget hotel brand from Blackstone Real Estate.
00:48And according to the information given by the company, this whole deal is going to be cashed in $ 525 million.
00:55This deal is expected to be completed by the end of this year.
00:59OYO says that after all the regulatory approvals, the deal can be completed from October to December 2024.
01:07Let me tell you that OYO already has a strong presence in America.
01:11The company had entered the American market in 2019.
01:15Last year, it had joined almost 100 new hotels in the American market.
01:21Now in its network, there are more than 320 hotels in 35 states of America.
01:26The company's plan is to join another 250 hotels this year.
01:30Hospitality startup OYO believes that by buying G6 Hospitality, it will get an important help in expanding its scope in America.
01:39G6 Hospitality earns a lot from the franchise network of the Motel 6 brand.
01:44This network has earned the company a gross room revenue of $ 1.7 billion.
01:50This brand has prepared a strong fee base for G6 Hospitality.
01:54And it also gets the benefit of good cash flow.
01:58And now OYO Company is also going to launch its IPO in India soon.
02:02So, due to this deal, OYO's IPO can also benefit.
02:06What do you think?
02:08Do tell by commenting.
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02:20Good returns.