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OYO commits Rs 1,400 crore to India expansion

Softbank backed hospitality chain, Oyo Hotels & Homes, which is present in 259 cities with 173,000 rooms, has committed to invest Rs 1,400 crore to expand its India and Nepal operations in 2019. The company also announced the launch of a new brand, Collection O hotels. The company currently has over 13,000 franchised or leased hotels and over 6,000 homes as a part of its network. OYO is now present in nine countries -- India, Nepal, China, Malaysia, Indonesia, the UAE, the UK, Philippines and Saudi Arabia.

Read More at CNBC TV18 News date : 13 Mar 2019, Wednesday

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