Gautam Swaroop, OYO's international division chief, stated, 'This acquisition is a significant milestone for a startup company like us to strengthen our international presence.' This highlights Oyo's ambition and growth trajectory as it expands in the U.S.
Rob Harper, head of Blackstone Real Estate Asset Management Americas, remarked, 'This transaction is a terrific outcome for investors and is the culmination of an ambitious business plan that more than tripled our investors' capital.' This underscores the successful financial strategy implemented by Blackstone.
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