Sonal Sinha is named CEO of Oyo's recently acquired G6 Hospitality
Worldwide unicorn in transport technology Sonal Sinha was named Chief Executive The acquisition, which was finalized in December of last year, greatly increased OYO's North American footprint by adding 1,500 franchised hotels in the US and Canada to its portfolio.
OYO estimates that the merged company will have a gross booking value of about USD 3 billion, of which USD 1.7 billion will come from G6 Hospitality, which runs the Motel 6 and Studio 6 brands. e Officer of G6 Hospitality, the American motel company that OYO just purchased from Blackstone Real Estate, the company stated on Friday.
Significant synergies and faster growth in foreign markets are anticipated as a result of G6's portfolio being integrated with OYO's current operations, the business said. OYO Founder & Group CEO Ritesh Agarwal stated, "Sonal has been instrumental in driving OYO's international business to new heights."