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OYO acquires AblePlus for undisclosed amount

Press Trust of India  |  New Delhi 

Hospitality firm today said it has acquired Mumbai-based (IoT) company AblePlus to enhance and strengthen its portfolio.

The company, however, did not disclose financial details of the deal.

With this partnership, aims to create a sustainable ecosystem powered by and for managing hotels and assets, said in a statement.

"With the introduction of into the basic precincts of hotel management, we aim to enhance customer and partner experiences by roping in the best of that are changing how sees hospitality today," OYO said.

Through increased that enables the remote monitoring and management of rooms across properties, the company will be able to achieve improved operational efficiency, thus creating a superior stakeholder experience, he added.

The company also plans to launch several other integrated technology solutions, including enhancing its OYO Asset Management offering so that it is easy to partner with and become an OYO, the statement said.

OYO currently operates in more than 160 cities across India, China, and with over 5,000 exclusive hotels in its chain and 1,00,000 rooms.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 10 2018. 15:55 IST