India's OYO strikes multi-hotel deal with Saudi's Al-Hokair Group - Arabianbusiness:
OYO Homes and Hotels, India-based global hospitality major, has announced a multi-hotel partnership deal with the Al-Hokair group of Saudi Arabia, which will help the Indian group to add over 500 rooms across 3 and 4 star categories in the kingdom.
The hotels which will be managed by OYO under the agreement will include MENA Andalusia in 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 four marketing and operational consulting agreements with Al-Hokair Group will help the Indian group in further consolidating and expanding its footprint in the hospitality industry in the Saudi market.
“The mid-range segment in Saudi Arabia holds a lot of promise for us given the rapid growth of the hospitality industry over the last few years,” said Manu Midha, head of Middle East and Africa, OYO.
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