India, March 7 -- Amid the growing buzz around its much-awaited initial public offering (IPO), travel tech major OYO has appointed Sonal Sinha as the chief executive officer of its recently-bought G6 Hospitality, the US-based operator of the Motel 6 and Studio 6 brands.
OYO, which is looking to pump $10 Mn to strengthen the digital assets of G6 Hospitality, bought the firm from Blackstone Real Estate for $525 Mn in an all-cash transaction last year.
This also comes at a time when OYO expects G6 Hospitality to contribute an EBITDA of INR 630 Cr in the upcoming financial year. "This contribution is anticipated to push OYO's combined EBITDA to over INR 2,000 Cr in FY26," a PTI report said.
Meanwhile, the company also said its chief growth...
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