OYO partners with SoftBank Group to manage Latin American hotels business
Clients Oravel Stays Private Limited
Jones Day is advising OYO in a joint venture with SoftBank Group to manage its Latin American hotels business. SoftBank, the biggest investor in Oyo, will use part of its $5 billion (roughly Rs. 36,623 crores) Latin America fund to invest in the newly formed company called Oyo Latam that will take over 1,000 hotels mainly in Brazil and Mexico.