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INDIA-BASED ORAVEL STAYS, parent company of travel technology firm Oyo, completed the previously announced $525 million acquisition of G6 Hospitality from Blackstone Real Estate. The company is also restructuring G6's leadership, replacing President and CEO Julie Arrowsmith and other top executives effective Tuesday. In September, Oravel Stays agreed to acquire G6 Hospitality from Blackstone Real Estate for $525 million in an all-cash deal. On Tuesday, Oyo named Sonal Sinha as CEO, with Tina Burnett continuing as chief development officer, the company said in a statement. G6's chief financial officer, chief brand officer, general counsel, chief information officer and chief human resources officer also are being replaced. "We will continue to invest in skills that are unique and critical to the G6 business, such as supply, account management, corporate sales, brand standards, offline marketing, and safety and security," said Gautam Swaroop, OYO International's CEO. "Over the years, OYO has successfully leveraged capabilities developed in India in technology, revenue management, e-commerce, procurement, legal, finance, and HR and will extend these to the G6 business as well."

ORAVEL STAYS, OYO'S parent company, plans to expand its premium brand, SUNDAY Hotels, to 100 properties globally by fiscal year 2026, according to a PTI report. The four- and five-star brand, launched in May 2023 as a SoftBank-Oravel Stays joint venture, has expanded to 10 countries with 30 hotels. The brand is present in India, the UK, Saudi Arabia, the UAE, Bahrain, Indonesia, Malaysia, Thailand, the Philippines and Vietnam. The initiative is part of Oravel's strategy to grow its premium hotel footprint globally, PTI reported, citing a spokesperson. "There are 30 SUNDAY Collection hotels already open across 10 countries, including India, and the company plans to ramp up expansion in FY26, targeting 100 hotels," the spokesperson said.