OYO Spent $525 Million to acquire a Hotel Chain called G6 Hospitality. G6 has an network of over 1500 hotels in US and Canada and generates an revenue of about $1.7 Billion.
What do you think about this move?
One thing is that this was a All Cash deal and G6 was Aquired from Blackstone. So may Blackstone was looking for an exit and OYO's all cash deal worked well for them.
