Hospitality firm OYO has agreed to acquire Amsterdam-based vacation rental company @Leisure Group from Axel Springer for an estimated $415 million (over ₹2,885 crore).
The @Leisure Group is a vacation rental company in Europe and manages holiday homes, holiday parks and holiday apartments, the statement added.
Commenting on the development, OYO founder & Group CEO Ritesh Agarwal said, “We see vacation homes as [an] opportunity, with 115,000 units of homes now getting added to our already growing count.”
