Why Innov8 buy makes sense for OYO
18 March 2019 5:40 AM GMT
According to a source, the payment process for the transaction, worth ?180 crore to ?200 crore, has been initiated.
- In one of its largest acquisitions so far, hospitality chain OYO Hotels and Homes is set to take over Gurugram-headquartered co-working space provider Innov8 for ₹180 crore to ₹200 crore, a person close to the development told Fortune India .
- Experts say getting into the business of providing affordable offices is a natural extension for OYO, which has been rapidly expanding its hotel presence globally over the past 18 months.
- Under all given circumstances, OYO is an asset management company… they manage and run hotels and motels and homes.
- Experts say food can be a very strong way of keeping the consumer hooked and expand business.
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