Already present in the United States with more than 300 establishments, the Indian group Oyo is preparing for a major expansion across the Atlantic with the acquisition of G8 Hospitality, the parent company of the Motel 6 hotels and the Studio 6 extended-stay hotel. A a key player in the US budget hotel sector which was previously owned by Accor between 1990 and 2012.
With a network of 1,500 franchised hotels in North America, Motel 6 is a prime target for the Indian hotel operator's international expansion. " This acquisition is an important step for a young company like ours, which wants to strengthening its international presence" said Gautam Swaroop, CEO of OYO International.
A leader in its country with a range of brands from budget to top-of-the-range, all accompanied by technological solutions for managing establishments for owners, Oyo has been winning over the Indian middle class since it was founded just over ten years ago. Its expansion beyond India's borders has fluctuating fortunesThe Oravel Stays subsidiary is now present in some thirty countries around the world with its hotels and residential rental offer, particularly in South-East Asia, but also in Europe. The company's offering is growing, from less than 13,000 hotels in March 2023 to more than 18,000 by the end of March 2024.
