OYO Hotels & Homes has partnered with Mountania Developers, a partner company, that has acquired a 64-suites building near Ellis Bridge in Ahmedabad which will be operated under OYO brand.
With this, OYO plans to add to its offerings across economy to upscale segments, and thereby further strengthening its industry-first customer strategy. OYO will be working with partner companies like Mountania Developers, that will help acquire the assets, while OYO leverages its core expertise in property onboarding, renovation and redesigning using its world-leading tech-enabled interior designing capabilities, and revenue management (pricing, and yield) services.
“Thrilled to announce that we have partnered with Mountania Developers, a partner company that has acquired a 64-suites building near Ellis Bridge in Ahmedabad which will be operated under the OYO brand by redesigning it into a premium upmarket hotel,” Rohit Kapoor, CEO, New Real Estate Businesses, OYO Hotels & Homes, said.
Commenting on the announcement, Aditya Ghosh, CEO, India & SA, OYO Hotels & Homes, said, “I am really excited to announce the opening of our 64 suites up-scale hotel in Ahmedabad. This segment holds a lot of promise for us given the rapid growth of the hospitality industry over the last few years. The global upscale and luxury hotel market is predicted to witness tremendous growth and at OYO, we want to leverage this opportunity to enable our guests to experience #Livingthegoodlife, even while traveling for business. We believe that our deep understanding of Indian consumers and trends coupled with our operational and technological capabilities will be a game-changer for us in the upscale segment.”