Sunday PropTech Acquires Portfolio of 8 Premium Hotels

Strategic Acquisition by Sunday PropTech
• PRISM-backed Sunday PropTech, the hotel-asset arm of OYO’s parent company, has completed the purchase of a portfolio of eight premium hotel properties in India.

Estimated Transaction Value
• While the precise deal price was not officially disclosed, industry sources estimate the combined value of the acquired hotels at around ₹800 crore.

Brand Integration Plans
• The newly acquired hotels will be operated under PRISM’s existing brand ecosystem, including Sunday Hotels and Belvilla, along with other brands aligned to each property’s positioning.

Funding Structure
• The acquisition was financed through a blend of debt and equity instruments, according to people familiar with the transaction.

Ongoing Growth Strategy
• Sunday PropTech continues to evaluate further acquisition opportunities as part of its broader growth roadmap in the Indian hospitality sector.

Business Focus
• Also known as OYO Assets, the company is dedicated to acquiring and developing hotel properties across premium and mid-premium segments in India.

Source: https://money.rediff.com/news/market/sunday-proptech-acquires-8-premium-hotels/41239820260202

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