Hotline: 1800 102 2007
X
Search Business Opportunities
Apr, 06 2019

OYO forms JV with SoftBank to commence hotel business in Japan

The joint venture, named as OYO Hotels Japan GK, will be headed by Prasun Choudhary as the operating partner.

Hospitality firm OYO has formed a joint venture with Tokyo-based SoftBank Corp and SoftBank Vision Fund for commencing its hotel operations in Japan.

The joint venture, named as OYO Hotels Japan GK, will be headed by Prasun Choudhary as the operating partner.

Ken Miyauchi, President and CEO, SoftBank Corp, said, "We are delighted to deliver OYO's innovative service to the Japanese market. Given our shared vision for a digital future, we are excited to support a Vision Fund portfolio company in deploying cutting edge technologies and services to Japan."

"Combining OYO's most advanced business model with SoftBank Corp's knowledge of the Japanese market, we will provide brand-new hotel experience to travellers in Japan," he added.

Ritesh Agarwal, Group CEO and Founder, OYO Hotels and Homes, stated, "Japan is fast emerging as one of the most popular tourist destinations in Asia. We, at OYO Hotels & Homes, see this as a huge opportunity and are excited to contribute towards the growth of the local economy by promoting tourism."

Comment
image
Related opportunities
  • Furniture/Home Decor & Furnishing
    About Us: Launched in 2014, HomeLane India Private Limited. offers end-to-end Home..
    Locations looking for expansion Karnataka
    Establishment year 2014
    Franchising Launch Date 2016
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bengaluru Karnataka
  • Others Food Service
    About Us: Diet Delite Pvt Ltd was established in 2016 by Dr.Paramesh..
    Locations looking for expansion Karnataka
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Karnataka
  • Bakery & Confectionary
    About Us: tylish & quaint, Sassy Teaspoon is the quintessential go-to..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Kitchen
    About Us: Wonderchef is a leading brand of Kitchenware founded in..
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 350
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Noida Delhi
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities