OYO Hotels & Homes

Global travel-tech unicorn OYO on Friday announced the appointment of Sonal Sinha as Chief Executive Officer of G6 Hospitality, the American motel firm it recently acquired from Blackstone Real Estate. The acquisition, which was completed in December last year, added 1,500 franchised hotels across the US and Canada to OYO's portfolio, significantly expanding its North American presence. According to OYO, the combined entity is projected to generate a gross booking value of approximately USD 3 billion, with G6 Hospitality, which operates the Motel 6 and Studio 6 brands, contributing USD 1.7 billion. The integration of G6's portfolio with OYO's existing operations is expected to create significant synergies and accelerate growth across international markets, the company stated. "Sonal has been instrumental in driving OYO's international business to new heights," said OYO Founder & Group CEO Ritesh Agarwal. "His deep understanding of our operations and proven track record of ...

Creditors, including Mizuho Financial Group Inc insist that founder Ritesh Agarwal pay off the dues for $383 million he borrowed

Travel tech unicorn OYO estimates its profit after tax to touch Rs 1,100 crore in the next financial year 2025-26, according to projections shared by Founder Ritesh Agarwal with the company's leadership on Wednesday, sources said. The company expects EBITDA of Rs 2,000 crore for the same period, on the back of a strong top-line growth, buoyed by the recent Motel 6 acquisition. EBITDA (earnings before interest, taxes, depreciation, and amortization) is a financial metric that measures a company's profitability and cash flow. Motel 6 is projected to contribute an EBITDA of over Rs 630 crore in the coming financial year, which will be the first full year of its integration, according to sources. "This contribution is anticipated to push OYO's combined EBITDA to over Rs 2,000 crore in FY26," said a person aware of the financial projections. OYO recorded a Profit After Tax (PAT) of Rs 166 crore in the third quarter ended December, up nearly six times from Rs 25 crore in the year-ago ..

Speaking at the second edition of Mumbai Tech Week on March 1, Ritesh Agarwal highlighted the need for a mindset shift

To begin with luxurious villas in Siolim, North Goa

Travel tech unicorn OYO recorded a profit after tax (PAT) of Rs 166 crore in the third quarter ended December, up nearly six times from Rs 25 crore in the year-ago period, sources said. The company's revenue in the third quarter rose to Rs 1,695 crore, growing almost 31 per cent from Rs 1,296 crore a year earlier, marking a turnaround from the flat topline growth seen in FY24. According to documents accessed by PTI, the company achieved an adjusted EBITDA of Rs 249 crore in the October-December period of FY25, registering a 22 per cent increase from Rs 205 crore a year ago. Notably, the gross booking value (GBV) reached Rs 3,341 crore, showing a 33 per cent growth from Rs 2,510 crore in Q3 FY24. These figures exclude G6 Hospitality's financials as the acquisition was effective in the third week of December. For the first nine months of FY25, OYO reported a PAT of Rs 457 crore, compared to a loss of Rs 111 crore in the same period last year, as per its provisional financials. A so

The announcement was made on the sidelines of the Nasscom delegation to the UK, organised by the department of business and trade, UK

Travel tech unicorn OYO on Tuesday said it plans to invest 50 million pounds (Rs 539.57 crore) in the UK over the next three years, primarily to focus on expanding its premium hotel portfolio. The investment is expected to support 1,000 jobs over the next three years in the UK hospitality sector, OYO said in a statement. In a significant strategic shift, OYO is actively pursuing premiumization of its UK portfolio, by pivoting towards premium inventory acquisition, focusing on securing long-term leasehold and management contracts. The company is also in advanced stage talks with several large hotel chains and real estate companies for potential asset management transactions. "OYO's investment in premium hotels will not only strengthen our tourism infrastructure, but back our ambitious 'Showcase Britain' initiative, helping to boost economic growth as part of our Plan for Change," said the UK Minister for Investment Baroness Poppy Gustafsson OBE in the statement. Puneet Yadav, Count

Funding will be used for acquisitions, technology and partnerships, says startup

OYO-owned Innov8, which provides flexible office spaces, has raised Rs 110 crore from investors including family office of Gauri Khan, to expand business and future growth. Innov8 has successfully concluded Rs 110 crore primary funding round. It diluted 10 per cent to raise this fund, the company said. The issue was oversubscribed by 2.7 times. The fund was raised at a valuation of Rs 1,000 crore. The round was led by prominent family offices, including those of Mankind Pharma, Gauri Khan, Rupa Group and Jagruti Dalmia. Together, these investors accounted for 55 per cent of the total funds raised. Innov8 has recently announced plans to double its coworking centers in India to 100 in 2025. The capital raised will support strategic inorganic growth opportunities such as acquisitions, technology upgrades, partnerships, and expansion into niche segments. "The funds raised will empower Innov8 to accelerate our expansion plans, building on the strong growth and operating leverage we a

OYO said it will add over 150 hotels in Ayodhya, 100 in Varanasi and 50 each in Prayagraj, Haridwar, and Puri

Travel tech unicorn OYO on Wednesday said it is planning to add 500 hotels in religious hubs, including Ayodhya, Varanasi, Prayagraj, Puri, Haridwar, Mathura, Vrindavan, Amritsar, Ujjain, Ajmer, Nasik, and Tirupati, this year. The announcement comes at a time when religious tourism in the country is booming and the government has launched several initiatives that aim to improve infrastructure at tourist sites and develop tourist attractions, including the PRASHAD scheme, the Ramayana Circuit, and the Swadesh Darshan Scheme. In a statement, OYO said it will add over 150 hotels in Ayodhya, 100 in Varanasi and 50 each in Prayagraj, Haridwar, and Puri. Ayodhya also topped the list of most-searched religious destination for new year holidays, emerging as a major spiritual tourism destination. "This move comes in response to the surging demand for quality accommodation following the inauguration of the Ram temple last year. Ayodhya has also gained significant traction as the most-searche

The latest stake sale is set at a 60 per cent premium compared to the valuation during Oyo's August 2024 funding round, where prominent family offices invested

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Travel booking major OYO has launched a new check-in policy for partner hotels, starting from Meerut, introducing guidelines effective this year whereby unmarried couples will no longer be welcome to check in. Under the revised policy, all couples will be asked to present valid proof of relationship at the time of check-in, including for bookings made online. OYO has empowered its partner hotels' discretion to decline couple bookings based on their judgment, aligning with local social sensibility, the company said. OYO has given the directive to its partner hotels in Meerut to ensure this with immediate effect. Based on ground feedback, the company may expand this to more cities, people familiar with the policy change said. "OYO has received feedback in the past from civil society groups especially in Meerut urging action to address this issue. Additionally, residents from few other cities have petitioned for disallowing unmarried couples to check-in at OYO hotels," they said. Pawa

Nuvama Wealth and Investment Limited has acquired shares worth Rs 100 crore in OYO's parent firm Oravel Stays Limited at Rs 53 per share on behalf of its investors, a clutch of family offices, through a secondary market transaction, sources said. The share sale at Rs 53 apiece translates to a valuation of USD 4.6 billion for the travel tech unicorn. "These shares are being offered by OYO's early investors, presenting an opportunity for partial exits while potentially introducing new strategic investors to the company's cap table," a source told PTI. A cap table (or capitalization table) is a document, like a table, that details who has ownership in a company. It lists all the securities or the number of shares including stock, convertible notes, warrants, and equity ownership grants. According to sources, discussions are also at an advanced stage with other potential buyers, including Incred, who are exploring stake purchases in the hospitality major at prices ranging between Rs 53

Moody's Ratings has upgraded the corporate family rating (CFR) of Oravel Stays Limited -- travel tech platform OYO's parent firm -- and the rating on the senior secured term loan issued by its wholly-owned subsidiary OYO Singapore to B2 from B3, and maintained the stable outlook. In a statement on Wednesday, Moody's said it has assigned a B2 rating to the USD 825 million senior secured term loan facility to be availed by Oravel Stays Singapore Pte. (OYO Singapore). The term loan is fully underwritten by Deutsche Bank. Elaborating upon the rating rationale, Moody's said OYO is in the process of securing a new five-year USD 825 million term loan, which together with the USD 174 million of primary equity capital raised between June and August 2024, will be used to repay its existing TLB that matures in June 2026, easing its refinancing pressures. The proceeds will also fund the company's proposed USD 525-million acquisition of US-based hotel chain Motel 6. OYO's interest expense will

Proposed term loan to reduce refinancing risk