OYO to invest USD 300m in “newest home market”

OYO Hotels & Homes celebrates its growth in the US by announcing plans to invest USD 300 million over the next few years. Currently, the fast-expanding hospitality chain has more than 50 hotels in 35 cities and 10 states, led by over 350 ‘OYOpreneurs’.

Chic hospitality experiences and affordable room rates make it possible for OYO Hotels & Homes to grow at a fast pace. OYO, which aims to open one hotel per day, currently offers its service at popular cities across the United States, including Dallas, Houston, Augusta, Atlanta and Miami, and plans to soon expand its presence to cities like New York, Los Angeles and San Francisco.

“Our newest home market”

“We, at OYO, are thrilled to see our business grow in the US, our newest home market,” said Abhinav Sinha, COO, OYO Hotels & Homes, Global. “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.”

The planned investment in the US will be directed towards the company’s growth in the region, talent acquisition, competency building, and infrastructure development.

“Everyone deserves a beautifully designed, chic and comfortable living space”

Ritesh Agarwal, founder & CEO of OYO, added: “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.”