Ritesh Agarwal-led OYO elevates Sonal Sinha as CEO of G6 Hospitality
International news
Ritesh Agarwal-led hospitality giant OYO has named Sonal Sinha as chief executive officer of G6 Hospitality, the U.S.-based motel chain it acquired last December from Blackstone Real Estate.
The deal added 1,500 franchised hotels under the G6 portfolio, including the Motel 6 and Studio 6 brands, to OYO’s existing North American operations, a move the company says will contribute roughly $1.7 billion to its projected $3 billion in global gross bookings.
Sinha joined OYO in 2015. As the former chief financial officer of the company’s international business, he led several key initiatives to improve margins and standardize financial controls involving taxation, accounting, and reconciliations.
He will now oversee G6’s integration into OYO’s larger operations, reporting to Gautam Swaroop, OYO’s CEO for International.