Oyo Hotels & Homes has Partnered with Mountainia Developers, to Open First Upmarket Business Hotel in India

Main Photo: The Oyo Collection Hotel, Morjim, Goa

Date: September 2019

Location: Ahmedabad, Gujarat, Western India

Name: TBA – re-opening 2019

No. of Keys: 64 suites

Owner: Mountania Developers, a private company incorporated in November 2018, with authorised share capital is Rs. 2,800,180,220 and is involved in real-estate activities with owned and leased properties.

Manager: Oyo Hotels & Homes….The property, a 64-suites building in Ahmedabad, will be operated under the Oyo brand by redesigning it into a premium upmarket hotel, officials said. “The building will undergo a transformation to be completed later this year, post which we will formally open the doors to this hotel under a new brand name,” Aditya Ghosh, CEO, India & SA, OYO Hotels & Homes, said.

The hotel will primarily cater to business travellers in addition to leisure travellers.

Commenting on the announcement, Ghosh added: “I am really excited to announce the opening of our 64 suites up-scale hotel in Ahmedabad. This segment holds a lot of promise for us given the rapid growth of the hospitality industry over the last few years. The global upscale and luxury hotel market is predicted to witness tremendous growth and at Oyo, we want to leverage this opportunity.”

For business travellers, the hotel provides corporate-friendly facilities like breakfast spreads, complimentary airport pickup, mini-fridge and tea coffee maker and valet parking among other things.

The property has three suites — deluxe, classic, and presidential suites and a wellness centre that includes spa & gym facilities.

OYO Hotels & Homes will be working with partner companies like Mountainia Developers, which will help acquire the assets, while OYO leverages its core expertise in property on-boarding, renovation and redesigning using its world-leading tech-enabled interior designing capabilities, and revenue management (pricing, and yield) services.

The building is situated in the vicinity of the airport and railway station and features beautifully designed wooden floored rooms.

There are five Banquet Halls and Boardroom within the premises and will be operated under OYO owned Weddingz.in brand.

While staying, guests can explore the famous Sabarmati Ashram, Kankaria Lake and Jaldhara Water World that are all within a 5 km radius. It will also have restaurants and coffee shops, that will undergo a complete transformation (from the menu to look and feel) designed for both outstation guests and city dwellers.

“Thrilled to announce that we have partnered with Mountainia Developers, a partner company that has acquired a 64-suites building near Ellis Bridge in Ahmedabad which will be operated under the OYO brand by redesigning it into a premium upmarket hotel We have an active play in the hospitality, housing rental and managed workspaces business through which we are offering beautifully designed, comfortable and quality living spaces at in the best locations not just in India, but around the world. We continue to explore more such opportunities to create unique experiences for our guests from around the world,” added Rohit Kapoor, CEO, New Real Estate Businesses, OYO Hotels & Homes.

“We believe that our deep understanding of Indian consumers and trends coupled with our operational and technological capabilities will be a game-changer for us in the upscale segment.”

“The building will undergo an exciting transformation to be completed later this year, post which we will formally open the doors to this hotel under a new brand name,” added Aditya.

Refurb Cost: TBA

THPT Comment: OK another diversification of the Oyo concept…this time going up-market. Best wishes. Oyo has just announced that they now have more than 100 hotels in 60 cities in 21 states in the USA and are opening one building a day.

First Seen: Insights e.hotelier

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