New Delhi: SoftBank-backed Oyo Hotels & Homes has acquired Fortune Select Metropolitan Jaipur, currently managed by ITC Hotels, as part of its plans to enter the four-star segment currently dominated by marquee Indian and international hotel chains. Oyo has acquired the Jaipur fourstar property from the Emaar Group, people familiar with the matter said.

— The Economic Times

Shardul Amarchand Mangaldas advised Oyo led by partner Mrinal Kumar and principal associate Rohan Jain and associate Kshitij Arora.

Khaitan & Khaitan advised the seller, Emaar Group, led by a team of partner Subodh Sadana and principal associate Neha Verma.

2019-12-23

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