Hotline: 1800 102 2007
Hotline: 1800 102 2007
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.

OYO forms JV with SoftBank to commence hotel business in Japan

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."

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Automobile Maintanance Related
    Redefining Expectations   About Surface Protective Solutions – SPS continues to develop..
    Locations looking for expansion Kerala
    Establishment year 2011
    Franchising Launch Date 2020
    Investment size Rs. 50lac - 1 Cr.
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Aluva Kerala
  • Financial Investment & Trading
    Note:- Investors whose investment capacity is less than 10 lac..
    Locations looking for expansion HARYANA
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater GURGAON HARYANA
  • Tea And Coffee Chain
    About: Zealong’s latest endeavour a Quick Service Restaurant, Chai Central! Chai..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi Haryana
  • Biguine India is a one-stop destination for all your grooming..
    Locations looking for expansion Maharashtra
    Establishment year 2008
    Franchising Launch Date 2020
    Investment size Rs. 50lac - 1 Cr.
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities