App-based Indian hospitality startup Oyo Hotels and Homes, which has been trying to increase its presence in Europe, is set to acquire Amsterdam-based vacation rental company @Leisure Group for 28.85 billion rupees (US$415 million).
The SoftBank-backed startup will acquire @Leisure Group from German media company Axel Springer and the transaction is expected to be done by next month. It will be one of the biggest acquisitions by an Indian unicorn – a privately held startup company valued at more than $1 billion – Business Standard reports.
After the acquisition, Oyo will become a global real estate brand while maintaining its strong presence in the hospitality industry. Through its subsidiaries, @Leisure offers more than 30,000 fully managed holiday homes across 13 countries in Europe.
Its Traum-Ferienwohnungen brand offers a subscription-based home management service with more than 85,000 homes across 50 countries. This represents a total inventory of 300,000 rooms. Europe will be Oyo’s largest market, accounting for up to 40% of supply, the daily added.
Oyo is owned and operated by Oravel Stays and is based in Gurgaon, near New Delhi. Founded in 2013 by Ritesh Agarwal, who was only 19 at the time, it has now become India’s largest hotel chain by number of rooms.
Agarwal’s business strategy was to offer small budget independent hoteliers the opportunity to benefit from economies of scale by joining his rapidly growing Oyo franchise. For small hoteliers joining the franchise, it meant a 25% to 70% jump in occupancy and they could offer better room and service quality at a lower tariff.
Now Oyo is present in more than 500 cities across 10 countries and hosts millions of guests in over 18,000 hotels and homes in 515,000 rooms.
In March, Oyo ventured into the business of co-working spaces by acquiring Innov8. It aims to open more than 35 new co-working spaces in major metropolitan cities over the next year. It has also started two new co-working brands – PowerStation and WorkFlo, which will cater to a variety of startups.
Hi there friends, nice piece of writing and nice
urging commented here, I am really enjoying by these.
Hi there to every body, it’s my first pay a visit of this webpage; this web
site consists of amazing and actually good material for visitors.
Hello, after reading this amazing post i am too happy to share my experience here with colleagues.
Greetings, I do think your site may be having browser compatibility issues.
When I take a look at your blog in Safari,
it looks fine however, when opening in Internet Explorer, it has
some overlapping issues. I merely wanted to provide
you with a quick heads up! Besides that, fantastic site!
Wow! At last I got a blog from where I can actually take useful information concerning my study and
knowledge.
Amoxicillin And Lyme Disease Online Amoxil Viagra Bestellen Deutschland cheapest cialis 20mg Domperidone Without A Prescription
Hi there to every , because I am genuinely eager of reading this webpage’s post to be updated regularly.
It carries good material.
Hello! This is my first comment here so I just wanted to give a
quick shout out and tell you I truly enjoy reading your
posts. Can you recommend any other blogs/websites/forums that
cover the same topics? Thanks a lot!
Great delivery. Great arguments. Keep up the amazing spirit.
This is very fascinating, You’re a very skilled blogger.
I have joined your rss feed and look forward to in quest of
more of your wonderful post. Additionally, I’ve shared your
website in my social networks
Amazing issues here. I am very happy to look your article.
Thank you so much and I’m having a look forward to touch you.
Will you kindly drop me a mail?
Useful info. Fortunate me I discovered your website by accident,
and I am shocked why this accident didn’t happened in advance!
I bookmarked it.
I am not sure where you’re getting your information, but good
topic. I needs to spend some time learning much more or understanding more.
Thanks for great information I was looking for this information for my mission.
Way cool! Some very valid points! I appreciate you writing this write-up and also the rest of the site is
also very good.
Hello all, here every one is sharing these kinds of know-how, so it’s pleasant to read
this website, and I used to pay a quick visit this website every day.
Hello, thanks you as a service to honesty a possessions site and courteous blog.
canadian pharmacy generic cialis canadian pharmacy prices pharmacy today
viagra erection generic viagra without subscription sildenafil vs viagra
viagra erection after ejaculation
Hello, in consequence of you in behalf of obedient topic
Hello, blame you in behalf of good content
Link exchange is nothing else but it is only placing the other person’s blog link
on your page at appropriate place and other person will also do same in support of you.
viagra for women
viagra pill
female viagra
generic cialis available https://canpharmb3.com
humana online pharmacy
Hello, blame you quest of virtuous blog! What composition in your blog?
I’m impressed, I have to admit. Seldom do I encounter a blog that’s both educative and engaging, and without a doubt, you have hit the nail on the head. The issue is something not enough people are speaking intelligently about. I am very happy I stumbled across this in my search for something regarding this.
tadalafil vs cialis http://canphpwronline.com
An impressive share! I’ve just forwarded this onto a co-worker who had been conducting a
little homework on this. And he actually ordered me
lunch due to the fact that I discovered it for him… lol.
So let me reword this…. Thanks for the meal!! But yeah,
thanx for spending time to discuss this subject here on your
web site.
Hello, tender thanks you for facts! I repost in Facebook
Do you mind if I quote a few of your posts as long as I provide credit and sources back to your weblog?
My blog site is in the exact same area of interest as yours and
my visitors would certainly benefit from a lot of the information you provide here.
Please let me know if this okay with you. Thanks a lot!
Hello, recognition you looking for tidings! when will viagra become generic http://viapwronline.com I repost in Facebook.
viagra for men
Do you have a spam problem on this website; I also am a blogger, and I was curious about
your situation; many of us have created some nice practices and we are looking
to swap solutions with others, why not shoot me an email if interested.
Hello, reprimand you http://cialisxtl.com allowing for regarding tidings! cialis in canada
viagra for men
Hi, I do believe this is a great website. I stumbledupon it ???? I am going to revisit once again since I book-marked it. Money and freedom is the greatest way to change, may you be rich and continue to guide other people.my
Hi, every time i used to check weblog posts here early in the break of day, as i enjoy to find out more and more.Also visit my homepage
Thanks for your post, I like this post very much. I will keep your new article. I really enjoyed reading this post, thanks for sharing.
If you can hold something up and put it down, it is called weight-lifting; if you can hold something up but can never put it down, it’s called burden-bearing. Pitifully, most of people are bearing heavy burdens when they are in love.
Cialis cialis vs viagra walgreens price for cialis 20mg
Mail Order Levaquin 500mg Cod Only Propecia Generic Drug п»їcialis Cialis Vendita Online Cialis Generique Inde
Cialis cialis tadalafil 20 mg generic cialis at walmart
Cialis low cost cialis samples of cialis
certainly like your web-site but you need to
check the spelling on quite a few of your posts.
A number of them are rife with spelling problems and I find it very troublesome to tell the
truth nevertheless I’ll definitely come back
again.
Cialis generic cialis at walgreens pharmacy cialis online pharmacy
cheap viagra canada pharmacy viagra cheap prices buy generic cialis uk
buy levitra australia canadian viagra buy viagra online no rx
cheap cialis india buy viagra und cialis buy generic viagra professional
how to order viagra in australia cheap levitra in uk can buy viagra las vegas
buy cialis at walmart buy viagra nhs buy cheap viagra thailand
best place to buy cialis uk generic cialis tadalafil cialis buy us
how to order levitra 30ml liquid cialis buy cialis in the usa