Insight
The potential valuation of Prism's parent company, Oyo, could reach $7-8 billion.
Prism-Backed Asset Arm Acquires 8 Hotels in Upmarket Push
Summary
Prism-backed Sunday PropTech is expanding its hotel portfolio, acquiring eight premium hotels for an estimated $88.5 million. This move is part of the company's preparation for an IPO, which could value the company at around $7-8 billion. The acquisition, funded by debt and equity, aims to strengthen Prism's brands including Sunday Hotels, Belvilla, and Palette.
Key takeaway