OYO Hotels & Homes makes UK debut with 50 hotels across the UK OYO Hotels & Homes, the sixth largest hotel chain in the world, expects to open its 50th hotel in the UK by the end of April 2019. Since launching in the UK October 2018, OYO has opened 30 hotels across the UK - including properties in London, Birmingham, Manchester, Blackpool and Edinburgh - and … [Read more...]
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Airbnb accelerates direct investments into hotels
Airbnb accelerates direct investments into hotels Airbnb has invested between $100 - $200 million in one of the world’s fastest growing hotel businesses, Oyo. The investment was made public yesterday by Oyo without revealing full details, analysts and media reporting on the $100 - $200 million sum all quote a person with ‘full knowledge’ of the details. Earlier this … [Read more...]
South Asia’s fastest-growing hotel chain launches in the UK with £40m investment plan
OYO Hotels, South Asia’s largest network of hotels, has today announced plans to invest £40 million in the UK by 2020. Since being founded in 2013, the company has become the world’s fastest growing hotel chain with a network of 211, 000 rooms in 349 cities. Its launch in the UK, the first market outside of Asia, marks a milestone for the company’s international … [Read more...]
AccorHotels in exclusive talks about acquiring FCDE’s stake in Groupe Noctis
AccorHotels and the FCDE (Fonds de Consolidation et de Développement des Entreprises) today announce that they are in exclusive talks about acquiring 100% of the latter’s minority interest in Groupe Noctis. Laurent de Gourcuff, Groupe Noctis’ Chairman, CEO and majority shareholder, established the company in 2008 and has since grown it into a key player in the hospitality … [Read more...]
Atherton and Sheppard pick up top honours at AA awards
Jason Atherton and Robin Sheppard picked up the top honours at the AA Hospitality Awards held at Grosvenor House Hotel in London last night. Atherton was named ‘Chef’s chef of the year’ for the development of his 18-strong The Social Company brand, and Sheppard was presented with a lifetime achievement award for his commitment to the hospitality industry over the last 50 … [Read more...]