Hotline: 1800 102 2007
Hotline: 1800 102 2007
Jun, 20 2019

OYO Hotels plans to invest $300 million to increase presence in the US

OYO looks to soon expand its presence to cities such as New York, Los Angeles and San Francisco.

OYO Hotels plans to invest $300 million to increase presence in the US

OYO Hotels & Homes, one of the world's fastest growing hospitality companies, is planning to make an investment of $300 million over the next few years to grow its presence in the United States.

Currently, the company is managing more than 50 hotels in over 35 cities in the US, including Dallas, Houston, Augusta, Atlanta, and Miami. OYO looks to soon expand its presence to cities such as New York, Los Angeles and San Francisco.

Abhinav Sinha, Chief Operating Officer, OYO Hotels & Homes, Global, said, “We, at OYO, are thrilled to see our business grow in the US, our newest home market. We promise to bring new age hospitality experience at a price point you never imagined; select service hotels are finally going to be fun and beautiful.”

Ritesh Agarwal, Founder & CEO, OYO, stated, “We started on the belief that everyone deserves a beautifully designed, chic and comfortable living space. And everyone deserves a better life. We knew we could change the way people live. We did that by upgrading bland, generic spaces and places and designing them with next-gen chic and design moxie and offering them at hard-to-ignore prices, in Europe and the US. That said, given that there was so much movement from traditional hotels to well-designed accommodations, we knew that our guests would appreciate #LivingTheGoodLife, no matter what the price point is. For them, it is never only about the price point, it is the entire package.”

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Casual Dine Restaurants
    About Us: We take this opportunity to introduce ourselves; “Madras Coffee..
    Locations looking for expansion Tamil nadu
    Establishment year 2010
    Franchising Launch Date 2014
    Investment size Rs. 20lac - 30lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Education Supplies
    About Us: Siddshree Publication is a privately held company, dedicated to..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 50 K - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: CRBtech is a leading training and career development company...
    Locations looking for expansion Maharashtra
    Establishment year 2001
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
  • HR & Recruitment
    About Us:  QuiDui is a recruitment company For Mid & Senior..
    Locations looking for expansion Maharastra
    Establishment year 2013
    Franchising Launch Date 2019
    Investment size Rs. 50 K - 2lac
    Space required 00
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharastra
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