Prism's Pre-IPO Filing Shows Motel 6's Growing Dominance and Shift to Direct Hotel Control
Prism, the parent company of Oyo and Motel 6, is preparing to list in India with a target raise of up to $692 million. Its latest annual report reveals that Motel 6 now accounts for nearly half of the group's gross booking value, while the firm is moving beyond its original marketplace model to take more operational control of hotels. Revenue climbed 50% to $980 million, with a profit after tax of $105 million, marking the fourth straight year of positive consolidated EBITDA.
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Original headline: “Motel 6’s Power: What Prism’s Annual Report Reveals Ahead of Its IPO.” Browse more stories.