OYO to invest 50 million pounds in UK focusing on premium hotels

Hospitality company OYO on Tuesday said it is looking to invest 50 million pounds in the UK over the next three years and support over 1,000 jobs. Expanding its presence outside India, the company said in a statement that it would be focusing on growing its portfolio of premium hotels, and securing long-term leasehold and management contracts.

Moreover, OYO is currently in advanced discussions with multiple large hotel chains and realty firms for potential asset management transactions. OYO entered the UK market in 2018.