Hospitality major OYO announced the acquisition of Danish vacation home company Bornholmske Feriehuse. The acquisition cost, however, was not disclosed.
The acquisition will strengthen OYO’s presence in the region and allow the company to serve more users who visit these vacation homes. In addition, around 737 vacation homes managed by Bornholmske will be added to OYO’s portfolio. OYO completed the transaction through its European subsidiary DanCentre. The transaction was completed through the Danish government’s ‘Invest in Denmark’ initiative, which aims to provide a one-stop shop for foreign firms looking to establish or expand their presence in the country.
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