OYO signs management agreements for four KSA properties

Oyo Homes and Hotels

Oyo Homes and Hotels (OYO) has formalised four marketing and operational consulting agreements with Al-Hokair Group in Saudi Arabia.

As per the agreements, OYO will now manage MENA Andalusia Olaya District, Riyadh; MENA Hotel Riyadh, Olaya District, Riyadh; MENA Taif, Abu Baker Street, Taif; and MENA Tabuk, Abu Jafar Al Mansur Street, Tabuk.

The multi-hotel partnership will see OYO add 500+ rooms to its current inventory and extend its portfolio across the three- and four-star hotel categories. The agreement with Al-Hokair Group, a leading name in the tourism and hospitality sector in the Kingdom, further consolidates and expands OYO’s footprint within the hospitality industry.

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Speaking on the major development was head – Middle East & Africa, OYO, Manu Midha: “Saudi Arabia remains a key strategic market for OYO in the GCC. The mid-range segment in the Kingdom of Saudi Arabia holds a lot of promise for us given the rapid growth of the hospitality industry over the last few years.

“The agreement with Al-Hokair is testimony to our success here in the kingdom and demonstrates our commitment to the development of the rapidly evolving hospitality sector in the Kingdom. We are proud to collaborate once with our esteemed long-term partner, Al Hokair Group to bring OYO’s brand hospitality options to a broad range of travellers,” concluded Midha.

At present, OYO accounts for 18,000+ rooms in 200+ hotels across 22 cities and provinces in Saudi Arabia. The hospitality chain has also hosted over 50+ nationalities across its properties in the country since its launch in January 2019.