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OYO Looks To Raise $1.5 Bn Funding: Will It Help Make Hotel Partners Happy?

“Many of these charges are not specified in the contract between the owner and OYO, hotel owners that Inc42 spoke to, alleged” writes Bhumika Khatri for inc42.com. OYO says once a hotel has served a 30-day notice period and accounts are settled, the property is typically delisted within 72 hours.At the time, independent protests by small hotel owners were being carried out in multiple Indian cities including Nashik, Pune, Kota, Manali, Jaipur, Ahmedabad and Delhi.In August, Inc42 had extensively reported about the concerns of hotel owners and the continuous protests.Its verticals vary from holiday homes, casino hotel and coworking spaces to budget hotels, corporate stays and more.
 
Source: inc42.com



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