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OYO Hotels & Homes to acquire @Leisure Group for USD 415 mn

Friday, 03 May 2019

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SoftBank-backed OYO Hotels & Homes is acquiring Amsterdam-based @Leisure Group from Axel Springer in Europe. The deal is expected to fetch around USD 415 million.

@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.

The acquisition will help OYO Hotels & Homes move a step closer in realising its vision of becoming a global real estate brand while maintaining leadership in the hospitality industry. Launched in 2017, OYO Hotels & Home already has over 15,000 villas and apartment units globally.