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Oyo re-enters food biz with Townhouse Cafe QSR chain

EntrackrEntrackr · 5m ago
Oyo re-enters food biz with Townhouse Cafe QSR chain
Medial

Oyo re-enters food biz with Townhouse Cafe QSR chain Hospitality major Oyo has forayed into the quick-service restaurant (QSR) space with the launch of its in-house brand, Townhouse Cafe. These cafes will be rolled out across company-serviced hotels (Townhouse by Oyo). Oyo has piloted the model since January 2025, covering 100 hotels across India. Over the coming months, it plans to scale this up in phases, targeting an ambitious 1,500 hotels, as per the company’s press release. Guests can place food orders through Oyo’s app as well as partner OTAs. In addition to in-house kitchens, the company is rolling out QSR carts and lobby stores under the Townhouse Cafe brand to offer ready-to-eat meals. According to the release, OYO is building a network of food and beverage experts across Delhi, Mumbai, Bengaluru, Hyderabad, Pune, Indore, Kolkata, Jaipur, and Lucknow to support its food service operations. While Oyo is yet to file its full FY25 financials, the IPO-bound company reported revenue of Rs 5,389 crore in FY24, slightly down from Rs 5,464 crore in FY23. However, a 16% reduction in expenses helped it post a net profit after tax (PAT) of Rs 230 crore for the year. The QSR venture seems to be part of Oyo’s broader push to boost revenue through allied services. This isn’t the company’s first foray into food — it launched a cloud kitchen business in 2019 but exited during the pandemic. While food operations are a natural extension of the hotel business, they require a distinct skill set and dedicated teams. Oyo likely gained valuable insights from its initial attempt and now appears better prepared to scale its food business in a more sustainable and strategic manner.

OYO elevates Sonal Sinha as CEO of G6 Hospitality

EntrackrEntrackr · 7m ago
OYO elevates Sonal Sinha as CEO of G6 Hospitality
Medial

OYO elevates Sonal Sinha as CEO of G6 Hospitality Global travel-tech company OYO has elevated Sonal Sinha to Chief Executive Officer of G6 Hospitality, the American motel company it recently acquired from Blackstone Real Estate. The acquisition, 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. The combined entity is projected to generate a Gross Booking Value of approximately $3 billion, with G6 Hospitality—which operates the popular Motel 6 and Studio 6 brands—contributing $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. Sinha joined OYO in 2015 and has since made a substantial impact across various finance functions. As Chief Financial Officer – International Business, he led initiatives to enhance business margins and established critical financial control frameworks, including tax, accounting, and reconciliation. He will continue to report to Gautam Swaroop, CEO – International, OYO. These leadership changes reflect OYO’s continued focus on strengthening its international presence while building a more responsive organization. “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 enhancing business performance make him the ideal leader to spearhead G6 Hospitality while maintaining the strong momentum of our global business.” Sinha’s appointment comes as OYO sharpens its focus on creating memorable guest experiences while empowering hotel owners with the tools they need to thrive in today’s competitive market. The integration aims to blend OYO’s tech-forward approach with G6’s established market presence, creating a hospitality offering that resonates with both hotel partners and guests.

PRISM announces top-level reshuffle to boost international growth

EntrackrEntrackr · 17d ago
PRISM announces top-level reshuffle to boost international growth
Medial

PRISM, the parent company of OYO, has announced a leadership realignment aimed at strengthening its global operations and expanding across key markets. Ankit Tandon, currently CEO of OYO Vacation Homes, has been promoted to Chief Operating Officer of PRISM and CEO, Europe. In his expanded role, he will oversee PRISM’s global business performance, including brands such as Belvilla, DanCenter, and Sunday Hotels. Tandon will also manage operations across Europe, the UK, and the US, which includes G6 Hospitality, the parent company of Motel 6 and Studio 6. He will continue to lead the Vacation Homes business, including CheckMyGuest in France and MadeComfy in Australia. Varun Jain, earlier COO for India, has been appointed COO for Asia. His expanded mandate covers India and the SEAME region (Southeast Asia and the Middle East). He will also oversee Traum Ferienwohnungen in Germany. Within India, Innov8 and Weddingz will report to him, supported by Pankhuri Sakhuja and Nitin Gupta. Shreerang Godbole will continue as Chief Service Officer, leading customer experience and operations across PRISM businesses. He will also manage operations for DanCenter and MadeComfy. Shirish Damani has been appointed COO for Europe Homes & Hotels. He will work closely with Ankit Tandon to drive supply, revenue, and margins across key European brands, while continuing to lead global M&A efforts. Meanwhile, Gautam Swaroop, who led PRISM International and Traum Ferienwohnungen, is exiting to pursue new technology-led ventures but will continue to advise the company. The leadership changes come soon after the rebranding of OYO’s parent company as PRISM. PRISM operates OYO and a portfolio of hospitality and living brands across 35 countries, serving over 100 million customers globally. According to the company’s annual report for FY25, OYO recorded a profit after tax (PAT) of over Rs 200 crore in Q1 FY26, a sharp rise from Rs 87 crore in the same quarter last year.

OYO strengthens top leadership with five elevations

EntrackrEntrackr · 1y ago
OYO strengthens top leadership with five elevations
Medial

OYO has strengthened its leadership team with five key appointments. Sonal Sinha has been named Chief Operating Officer – International, while Rachit Srivastava steps into the role of Chief Operating Officer for OYO Vacation Homes (OVH) in Europe. Shashank Jain has been promoted to Head of Technology and Online Revenue. Pankhuri Sakhuja will lead Traum-Ferienwohnungen, OYO’s listings business in Germany, as well as the flex-space business Innov8. Lastly, Ashish Bajpai has taken on the role of Head of Revenue and Global OTA. OYO highlighted that these leadership appointments demonstrate its dedication to innovation as it works to broaden its global presence. The company is focused on expanding its range of hotels and vacation homes across different price points, thereby enhancing its market reach and operational efficiency. OYO asserts that it has played a substantial role in the country’s growing startup ecosystem, with over 60 former employees successfully launching their own startups after their time with the company. In August, OYO officially appointed Sumer Juneja as a non-executive director. The Ritesh Agarwal-led firm recently announced the acquisition of G6 Hospitality, the operator of Motel 6 and Studio 6, for $525 million in an all-cash transaction. For the fiscal year ending March 2024, OYO reported revenue of Rs 5,389 crore and a profit of Rs 230 crore, a significant turnaround from a loss of Rs 1,286 crore in FY23.

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