OYO Hotels & Homes, which claims to be the world’s third-largest hotel chain by room count, has reached 100 sites within its first ten months of operating in the UK.
The company, which provides a franchise model to independent hoteliers, now has hotels under its branding in London, Manchester, Edinburgh, Glasgow, Blackpool and Torquay.
It claimed it has more than tripled its UK portfolio in the last three months.
As part of its franchise agreements, the firm offers proprietary technology, revenue management capabilities and operational expertise, as well as investing with owners to transform the property itself.
Its hotels have an average of 25 rooms each. The business, founded in India by 25-year-old entrepreneur Ritesh Agarwal, launched in the UK in October 2018 with a £40m investment pot. The UK team is led by Jeremy Sanders, co-founder of the restaurant chain, Coco di Mama. Sanders has overseen the opening of seven offices in the strategic hubs of London, Edinburgh, Glasgow, Manchester, Birmingham, Bristol and Portsmouth.
Sanders said: “With the summer holidays in full swing, we are delighted to now have a portfolio of 100 diverse hotels in some of the best city centre, seaside and rural locations across the country. Our rapid growth shows there’s a real appetite from hotel owners and customers alike for good quality, affordable hotels with a local touch – and we look forward to adding value to more independent hotel owners as we continue to invest and expand into new areas of the UK.”
The company claims to have nearly 23,000 OYO-branded hotels representing in excess of 850,000 rooms across 800 cities around the world.