OYO's parent firm to acquire 12 hotels
Budget hotel chain OYO's parent firm, PRISM-backed OYO Assets, has plans to acquire 12 hotels in the second half of this financial year. This would be funded through debt and equity.
The firm is eyeing high-potential locations and will operate the acquired properties under PRISM brands like Sunday Hotels, Palette Hotels, and Townhouse.
Also Read: OYO plans to expand the presence of its premium brand Sunday, to add 40 new hotels