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OYO Rooms (stylised as OYO), also known as OYO Hotels & Homes, is an Indian multinational hospitality chain of leased and franchised hotels, homes, and living spaces. [ 7 ] [ 8 ] [ 9 ] Founded in 2012 by Ritesh Agarwal , OYO initially consisted mainly of budget hotels. [ 1 ]
Oyo Hotel & Casino [a] is a casino hotel near the Las Vegas Strip in Paradise, Nevada, United States. It is owned by Highgate and Oyo Hotels & Homes, and its casino is operated by Paragon Gaming. It is located east of the Strip and next to the former site of the Tropicana resort. The hotel has 696 rooms with a 30,000-square-foot (2,800 m 2) casino.
In 2012, The Blackstone Group acquired the hotel brand from Accor Hotels, and began managing it as part of its real estate business. In September 2024, Oyo Rooms , an Indian hospitality chain, announced an agreement to acquire Motel 6 and Studio 6 in an all-cash transaction valued at $525 million.
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Ritesh Agarwal (born 16 November 1993) is an Indian billionaire entrepreneur [2] and the founder and CEO of OYO Rooms, a hospitality chain. [3] He has been a panellist on Shark Tank India (season 3) in 2024. [4]
In November 2014, the founders launched a new project called ZO Rooms, which aimed to provide budget-friendly hotel accommodations and aggregate hotel rooms.