OYO Hotels earlier today announced the appointment of Betsy Atkins, CEO and founder of Baja Corporation, as an independent director on the company’s board of directors. Atkins joins the board alongside Mark Schwartz, Vice Chairman of Goldman Sachs, Munish Varma, Managing Partner, SoftBank Vision Fund, Bejul Somaia, Partner, Lightspeed India Partners Advisors, and Mohit … [Read more...]
Search Results for: hotel acquisition
Huazhu Group announce acquisition of Deutsche Hospitality
Huazhu Group announced this morning that it has reached agreement to acquire all shares of Deutsche Hospitality through its wholly owned subsidiary China Lodging Holding Singapore. Deutsche Hospitality is based in Frankfurt, Germany, and its portfolio includes five hotel brands Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, IntercityHotel and Zleep … [Read more...]
OYO Hotels acquires machine learning Danamica to further build global yield
OYO Hotels & Homes, now the world’s third-largest and fastest-growing hotel chain, has announced that it has acquired Danamica, a Danish data science company. Danamica, with machine learning and business intelligence capabilities, specialises in dynamic pricing. This acquisition is in line with OYO’s continued commitment to the company’s global strategic investments in … [Read more...]
Starboard Hotels appoints new MD as founder moves to Chairman
Starboard Hotels has today announced the appointment of Keith Griffiths as its new Managing Director. This appointment sees Starboard Hotels founder and current Managing Director Paul Callingham move to Chairman. Griffiths is a long-term associate of Paul Callingham and is now set to take up the post in September, following a career spanning over 30 years in hospitality. … [Read more...]
OYO emerge as the world’s third largest hotel chain
OYO Hotels & Homes have emerged as the world’s third largest hotel chain when measured by room count, as of June 2019. OYO is also now the fastest-growing chain of hotels overtaking several ‘traditional’ established hotel brands. From a standing start in 6 years, OYO has expanded its presence to over 800 cities, with nearly 23,000 OYO-branded hotels and 850,000 … [Read more...]