OYO brings co-working product Powerstation; eyes expanding its SilverKey hotels

Hospitality unicorn OYO has launched Powerstation, a coworking space brand. It is a fully managed workspace for medium and large businesses, startups, and freelancers. 

The company has started its first centre with a 500-seater space in Pioneer Square, Sector 62, Gurugram. It is aiming to expand to Bengaluru, Mumbai and Hyderabad in 2019 itself.

Furthermore, OYO Hotels & Homes is planning to scale up its executive stay brand SilverKey to 19 cities across India. It also eyes to expand the presence of the brand to 400 SilverKey hotels, with more than 8,000 rooms by the end of the current calendar year.

Currently, the Gurgaon-headquartered hospitality chain is operating 55 SilverKey hotels with over 1,600 rooms under management.

Aditya Ghosh, Chief Executive (India and South Asia), OYO, said, “SilverKey helps address the need for an affordable and functional stay option for India Inc by being conveniently located in and around key business hubs. Today, with the commitment to expand our SilverKey footprint to 19 cities, we are decisively betting big on corporate travel.” 

Catering primarily to corporate travellers, SilverKey is at present operational across 10 cities in the country, including in Gurgaon, Delhi, Noida, Pune, Chennai, Hyderabad, Bangalore, Coimbatore, Trivandrum and Kolkata.