Private EquityScreenerRefer

MARKET INSIGHTS

  • EventsNEWPrivate market milestones
  • NewsPrecize daily pulse
  • BlogsIn-depth articles and opinions

GUIDES

Explore Now
  • Unlisted SharesStep-by-step · KYC
  • BuyingStep-by-step · KYC
  • SellingExit in 24 - 48 hours
  • Pre-IPOReturns · risks · case studies
  • Tax GuideBudget 2026 changes
  1. Home
  2. Unlisted share news
  3. Oyo parent Oravel Stays plans to open 25 premium hotels this fiscal

Oyo parent Oravel Stays plans to open 25 premium hotels this fiscal

6 Aug 2024

Add as preferred source
Key Takeaways

Oravel Stays is expanding its premium SUNDAY Hotels with 25 new openings in key cities, enhancing its strategic presence.

Oravel Stays is expanding its premium SUNDAY Hotels with 25 new openings in key cities, enhancing its strategic presence.

oyo unlisted shares

Oravel Stays (OYO Rooms)

DRHP filed4.44%

Expert Analysis

Oravel Stays to Open 25 New SUNDAY Hotels in Key Cities This Year.

Expert Analysis:

  • Expansion Plans: OYO's parent company, Oravel Stays, plans to expand its premium portfolio by opening 25 new hotels under the “SUNDAY” brand this fiscal year.

  • Joint Venture Details: “SUNDAY” Hotels is a partnership between the Softbank Group and Oravel Stays, the parent company of OYO.

  • Strategic Locations: 

    • Expansion focuses on metropolitan areas such as Gurgaon, Manesar, and Corbett, starting with Gurgaon.

    • This expansion aligns to grow the brand’s footprint and meet evolving guest needs. 

    • Aditya Sharma, Business Head of Oravel Stays Private Ltd. States that each SUNDAY Hotel location is carefully selected to offer convenient access to business districts, cultural landmarks, and entertainment hubs.

  • Current Operations: SUNDAY Hotels currently operates three properties in Jaipur, Vadodara, and Chandigarh.

Publisher:The Ecoonomic Times