OYO Enters Europe, Acquires Amsterdam-based @Leisure Group for $415 Mn

OYO Enters Europe, Acquires Amsterdam-based @Leisure Group for $415 Mn

  • Amsterdam-based @Leisure Group (the '@' is a part of its name), through its Belvilla, DanCenter, and Danland brands, offers more than 30,000 fully managed holiday homes across 13 countries in Europe and through its Traum-Ferienwohnungen brand, offers a subscription-based home management service with over 85,000 homes across 50 countries.
  • Axel Springer, which had a 51% share of @Leisure Group, would be receiving €180 million (~ US$202.35 Mn) in the deal, including the repayment of a shareholder loan of around €60 million (~ US$67.45 Mn), and a spokesperson for OYO confirmed to TechCrunch that the full price was €369.5 million i.e about US$ 415 Mn.
  • Today, more than 2.8 million holidaymakers from over 118 countries book their holiday every year with @Leisure Group.
  • Last month, AirBnB invested around $150-200 million to pick up stake in Oyo Roomsand valuing the Indian hospitality startup at more than $1 Billion.

Next Story
Share it
To Top