American hotel giants are moving aggressively into India, seeing it as the next frontier for growth. With rising incomes, a booming domestic travel sector and a government eager to improve the country’s tourism infrastructure, India is commanding unprecedented attention from the world’s most prominent hotel brands. Marriott International, the largest...
India’s Oyo Acquires Motel 6 and Studio 6 for $525M
Headquartered near New Delhi, Oyo, the India-based hotel company, has agreed to acquire the Motel 6 and Studio 6 hotel brands from Blackstone for $525 million in an all-cash deal. This marks Oyo's second attempt to expand in the U.S. market as the SoftBank-backed startup continues its efforts to go...