India, March 12 -- Hospitality giant OYO is on track to clock an EBITDA of INR 1,550 Cr in the ongoing fiscal year (FY25), helped by its recent acquisition of US-based G6 Hospitality, founder Ritesh Agarwal said.
Speaking at the 'TiEcon Mumbai 2025: Dhandha First' event today, Agarwal said that while the travel tech major was initially targeting an EBITDA of INR 1,200 Cr for the full fiscal year 2024-25, G6 Hospitality will contribute an additional INR 350 Cr, pushing OYO's total EBITDA to INR 1,550 Cr.
OYO acquired G6 Hospitality, which owns budget lodging chains Motel 6 and Studio 6, for $525 Mn (around INR 4,580 Cr) in an all-cash transaction in December last year.
While Motel 6 is already a household name in the US, OYO plans to fu...
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