Wednesday, May 31, 2023

Oyo Valued at $6.5 Billion in Share Sale

  • H World Group sells one-fifth of its OYO stake, generating 500% return on investment.
  • Dalian Wanda Group seeks to offload assets amid financial challenges, including selling a Shanghai hotel and shopping malls.
  • IHG Hotels opens new Holiday Inn property in Melbourne, featuring modern amenities and conference facilities.

H World Group, formerly known as China Lodging, has sold one-fifth of its holdings in Indian hospitality company OYO to a United Arab Emirates-based buyer. The transactions were done over the course of 2022 in multiple tranches with about US$9 million going to H World. The return on H World’s investment is 500% and that also values the rest of […]