OYO Hotels and Homes is the world’s third-largest hospitality chain. The company on Tuesday announced the launch of its premium offering for business travellers named Capital O in the UAE.
The launch ushered the opening of the first two premium hotels – one is Capital O 187 Action Hotel, located in Ras Al Khaimah and another one – Capital O 167 Moon Valley Hotel Apartment in Bur Dubai.
Being located in the prime location, these Capital O hotels offer the perfect amenities for business & leisure stays for affordable pricing ranging between AED200–300. Capital O hotels are equipped with high-speed WiFi, 24×7 food and beverages with in-room services and buffet-style breakfast.
Statements enclosing the ‘Capital O’ launch
“Since Oyo’s launch in UAE last year, several business travellers have shared their feedback and thoughts with us on hotels that cater to their needs. Capital O, therefore, was launched keeping their requirements in mind,”
“We plan to rapidly expand this segment of our portfolio by the last quarter of 2019.”
– Manu Midha – regional head, Middle East, OYO Hotels & Homes.
The current state of OYO in Middle East
OYO was launched in UAE in October last year and boasts of welcoming 225,000 guests across 1,800 rooms in 105 hotels in five emirates – Dubai, Sharjah, Ras Al-Khaimah, Fujairah and Ajman. Out of which Dubai alone comprises of 70 hotels. OYO is projected to be manging 12,000 rooms across 150 hotels in the UAE by 2020.
OYO currently manages over 80 buildings and properties in over 10 Saudi cities, including the capital and financial hub Riyadh, Jeddah, Dammam, Taif and Abha.
Back in February, Saudi kingdom’s Public Investment Fund (PIF) signed a memorandum of understanding with OYO Hotels & Homes to tap co-investment opportunities, create new jobs and augment hospitality sector in Saudi Arabia.
OYO CEO, Ritesh Agarwal has recently stated that the OYO and PIF will be able to meet the target of creating 5,000 jobs for Saudis earlier than expected.