The merger with Sightline Hospitality significantly expands PM Hotel Group's portfolio, adding 22 properties that are either open or set to open within the coming months.
OYO will leverage its comprehensive technology suite as well as its global distribution network and marketing expertise to further strengthen the Motel 6 and Studio 6 brands and drive continued financial growth.
Key benefits of the acquistion include enhanced forecasting accuracy for restaurants and food retailers, resulting in more efficient operations and reduced expenses.
American Express to acquire Tock from Squarespace and will also buy Rooam. Restaurants are one of American Express’ largest Card Member spending categories within Travel and Entertainment.
