We are excited to announce that in a short span of time we have hit a 100+ hotels milestone in the United States! Operating on the philosophy that everyone, every day should experience #LivingTheGoodLife we have kept the momentum high since we entered the US Market back in June this year. Within a short span of 3 months, we have already established ourselves in more than 60 cities, almost quadrupling our previous portfolio. This achievement comes shortly after our foray into Las Vegas, through the partnership with Highgate, where we shall be soon opening doors to the first 657 rooms flagship – OYO Hotel & Casino, a key milestone in our growth journey.
We started our journey in the United States where we committed an initial investment of $300 million fueling our rapid growth across the country. Currently, with our new-age hospitality company, we are successfully opening one or more buildings per day, creating more than 4000 jobs, a reflection of our contribution to the local communities we serve in. With 112 OYO hotels live in July we are in more than 21 states and 60 cities, including Dallas, Houston, Los Angeles, Seattle, Atlanta and Miami.
Founder & CEO Ritesh Agarwal on this achievement said, “OYO will continue to drive growth across the U.S. while delivering quality customer service. We are excited with our rapid growth and early success in the U.S., our newest home-market. While we continue to transform buildings across the country, we want to stay true to our philosophy that everyone, every day should be #LivingTheGoodLife. We do this by offering good quality ‘value-chic’ accommodations, with great ratings at unique price points.”
We continue to bring our successful model of combining design, hospitality, financial acumen and operational capabilities to real estate owners in Dallas giving them the ability to get a higher return on investments, access easy financing opportunities, transform their hotels and offer good quality customer service, thereby significantly increasing occupancy and profitability – in every OYO building. We partner with building owners and helps enhance their overall look and feel, resulting in improved service quality, performance, returns, and improved customer experience.