OYO planning expansion in US

Hospitality firm OYO on Thursday said it plans to invest USD 300 million (approximately Rs 2,085 crore) over the next few years in the US for growth, talent acquisition, competency building and infrastructure development.

The company currently manages over 50 hotels in more than 35 cities in the US including Dallas, Houston, Augusta, Atlanta and Miami; and is looking to soon expand presence to cities like New York, Los Angeles and San Francisco, OYO Hotels and Homes said in a statement.

On an average, it plans to add one hotel building per day. This growth will be driven by two brands – OYO Hotels and OYO Townhouse, it added.

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