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India: OYO announce acquisition of @Leisure Group

By  |  May 1, 2019

OYO Hotels & Homes, the world’s 6th largest chain of hotels, homes, and living spaces has announced today that it has agreed to acquire Amsterdam-based @Leisure Group. @Leisure is a leading vacation rental company in Europe and manages holiday homes, holiday parks, and holiday apartments. OYO will acquire @Leisure from Axel Springer, the media and technology company.

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    @Leisure Group, through its Belvilla, DanCenter, and Danland brands, offers more than 30,000-fully managed holiday homes across 13 countries in Europe and through its Traum-Ferienwohnungen brand, offers a subscription-based home management service with over 85,000 homes across 50 countries.

    This represents a total inventory of 300k+ rooms. @Leisure Group has the unique ability to offer varied collections of managed homes across Europe to customers from across the world. The acquisition helps OYO move a step closer in realizing its vision of becoming a global real estate brand while maintaining leadership in the hospitality industry.

    Full Content: Financial Times

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