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
  • Multi Cuisine Restaurant
    About Us: In Hungary, one of the most popular types of..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Automobile Maintenance
    About Us: We are the only one who is providing warranty..
    Locations looking for expansion Haryana
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Professional Education Colleges
    About Us: Want to serve the world with innovative design with..
    Locations looking for expansion Uttar pradesh
    Establishment year 2005
    Franchising Launch Date 2007
    Investment size Rs. 5lac - 10lac
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Varanasi Uttar pradesh
  • About Us: "Earn Big Profit With Us in Healthcare Business &..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities