Oyo, a hospitality chain, based out of Gurugram, has unveiled its first key flagship property OYO Hotel & Casino in Las Vegas, US. This flag off has been commenced under partnership of OYO and Highgate, a hospitality investment and management company.
The company said that Highgate will assume the management of the hotel and Paragon Gaming will continue to operate the casino.
“With our newest hotel at Las Vegas, we are excited to cater to a completely different audience segment and are certain that this will be the perfect start to OYO’s journey in Las Vegas,” said Ritesh Agarwal, Founder and CEO of OYO.
The SoftBank backed hospitality chain Oyo was started by Ritesh Agarwal in 2013. The startup was started from a single hotel to over 8500 hotels at present. It is the fastest growing network of hotels, offline and online.
“OYO Hotel & Casino offers a tremendous opportunity for Highgate to partner with a visionary company like OYO in one of the world’s most dynamic hospitality markets,” Neil Luthra, a principal of Highgate, said.
Agarwal, earlier, had said that OYO to invest $300 million in the US.