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Aya Lin · · 1 min readIn brief: Hospitality company Oyo to invest $300m for US expansion
- Indian hospitality company Oyo Hotels & Homes is planning to invest US$300 million to expand into the US, Business Standard reported, citing the company’s CEO Ritesh Agarwal.
- The company plans to use those funds to develop its technology further, build out its design and operating teams, and renovate properties.
- Oyo, which has been adding hotels at a daily pace, looks to increase its offerings in the US fivefold by the end of 2019.
Editing by Dante Gagelonia
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