Oyo to invest Rs 500 crore in Uttarakhand
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OYO, South Asia’s largest and world’s fastest growing hotel chain, has inked a Memorandum of Understanding (MoU) with the Government of Uttarakhand. With this signing, OYO Hotels has committed an investment worth Rs 500 crore to boost the tourism potential of the state by building a robust hospitality ecosystem.
As part of this MoU, Oyo Hotels will be expanding its chain in the region by adding over 35,000 rooms in cities including Dehradun, Mussoorie, Rishikesh, Haridwar, Haldwani, Kashipur, Nainital, Mukteshwar, Bhawali, Bhimtal, Roorkee, Almora, Lansdowne, Binsar and Ranikhet.
“This initiative with the Uttarakhand Government will be a significant step ahead in boosting the state’s economy, where tourism plays an instrumental role. The state is dotted with world-famous destinations such as Haridwar, Rishikesh, Mussoorie amongst others, and we are committed to making these more accessible to domestic and international travelers,” Ritesh Agarwal, Founder, and CEO, OYO Hotels, said.