Oyo restarts self-operated hotels, targets 200 new premium properties

IPO-bound hospitality major OYO has relaunched self-operated hotels under the ‘Prime Partner Program’ more than two years after it halted the service.

As part of the program, OYO will secure annual, long-term management contracts on a revenue-share basis for 200 premium hotels across Indian metros, the company said.

These hotels will be tagged as ‘Managed by OYO’ on the company’s app. OYO is also looking to partner with real estate developers to identify and develop new hotel properties across various regions.