SAN FRANCISCO—OYO Hotels & Homes has plans to invest $300 million in the U.S. over the next few years for growth, headquarter talent, competency building and infrastructure development.
The hospitality company currently offers more than 50 OYO Hotels in 35 cities and 10 states, led by a team of more than 350 OYOpreneurs across 15 states. The company has already generated more than 1,000 jobs. This growth will be driven by two brands—OYO Hotels & OYO Townhouse—that operate on the philosophy that everyone, every day should experience #LivingTheGoodLife, according to the company.
OYO Hotels & Homes currently offers its service in major cities across the United States, including Dallas, Houston, Augusta, GA; Atlanta and Miami, and promises to soon expand its presence to cities such as New York, Los Angeles and San Francisco.
OYO Hotels has attracted some of the world’s leading investors, including Airbnb, SoftBank Vision Fund, Greenoak Capital, Sequoia Capital, and Hero Enterprise.