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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 & 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.”

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