OYO and Biz2Credit, an online financing resource for small businesses, have announced partnership to offer working capital and commercial real estate loans to existing and potential hotel partners. The hospitality firm’s partnership with Biz2Credit will be starting from the US market.
This partnership will aid OYO’s efforts to provide hotel owners with fast financing efficiently for a wide range of purposes like renovation, redesign, infrastructure upgrade and investment in technology for improved revenue management and operations.
Abhinav Sinha, Chief Operating Officer and Operating Partner, OYO Hotels & Homes, USA, said, “We are certain that through this partnership, our asset partners will be able to benefit from OYO’s tech-enabled and data science-backed world-class expertise in interior design and renovations and revenue management.”
Rohit Arora, CEO of Biz2Credit’s, stated, “This will be a mutual referral agreement in which Biz2Credit will also refer its hotel clients to OYO for potentially opening new OYO properties.”
The hospitality firm is utilizing technology, business expertise and talent to develop beautifully designed, chic and comfortable living spaces.
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