Prism's US Arm Opens 30 Studio 6 Extended-Stay Hotels Ahead of ₹6,650 Cr IPO
OYO parent Prism has launched 30 Studio 6 extended-stay properties across 12 US cities including New York, Dallas, and Las Vegas, following its $525M Motel 6/Studio 6 acquisition from Blackstone. The expansion comes as Ritesh Agarwal scales G6 Hospitality operations ahead of a confidential ₹6,650 crore SEBI IPO filing.
What happened
Prism (OYO parent) · OYO parent Prism opened 30 Studio 6 extended-stay hotels across US cities following its $525M Motel 6/Studio 6 acquisition from Blackstone,
Key facts
- 30 hotels
- $525 million acquisition
- 100-120 rooms per property
- ₹6,650 crore IPO
- 8 hotels phase 1
Why this matters
G6 Hospitality's accelerated US extended-stay rollout reframes Prism as a transatlantic budget-lodging consolidator, raising the strategic premium on any remaining independent extended-stay portfolios in secondary US markets.