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OYO Assets to buy 12 Indian hotels in next six months, expanding its portfolio amid rising travel demand.
OYO Assets, part of PRISM, plans to acquire 12 premium and mid-premium hotels in India over the next six months, with seven deals in advanced stages.
Funding will come from debt and equity, backed by PRISM’s strong balance sheet and investors including InCred, Analah, PRISM Life, and SoftBank.
The company aims to expand its portfolio of over 1,300 company-operated hotels by targeting strategically located properties with strong returns, driven by rising travel demand.
Acquired hotels will be managed under brands like Sunday Hotels, Palette Hotels, and Townhouse.
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OYO Assets comprará 12 hoteles indios en los próximos seis meses, ampliando su cartera en medio de la creciente demanda de viajes.