Fast-expanding budget accommodation operator, Oyo, has announced an investment of US $300 million in the U.S. The company currently offers over 50 Oyo hotels in 35 cities and 10 states in the US, led by a team of more than 350 ‘OYOpreneurs’ across 15 States. Oyo services are currently available in Dallas, Houston, Augusta, Atlanta and Miami, and will soon be expanded to New York, Los Angeles and San Francisco.
Along with developing infrastructure, Oyo’s financial investment will also be directed towards talent acquisition and competency building. The growth will be driven by two brands – Oyo Hotels and Oyo Townhouse in the US.
Expressing his views on the brand’s expansion in the US, Ritesh Agarwal, founder and chief executive officer, Oyo said, “As a full-scale hotel chain, we strive to bring real value to both real estate owners and guests – and we’re convinced there is unlimited potential for rapid growth in our newest home market, the United States.”