• Chethan Machaknur

SoftBank To Partner OYO In Brazil And Mexico

SoftBank Group is directly managing the hospitality startup OYO’s operations in Latin America through a joint venture which will control all hotels in the region, Henrique Weaver, the head of OYO Brazil told in an interview.

SoftBank will invest in OYO Latam through its $5 Bn Latin America fund. OYO Latam will take over 1,000 hotels mainly in Brazil and Mexico, Weaver added.On its partnership, SoftBank said it initiated with OYO in Latin America in 2019 and the investment has been recently formalised with the creation of OYO Latam and the board.

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