OYO Assets, backed by PRISM, announced plans to acquire 12 hotels in the latter half of the financial year, aiming to enhance its premium and mid-premium hospitality portfolio.

Currently, seven of these hotels are in advanced acquisition stages.

The acquisitions will be financed through a combination of debt and equity, supported by investors including InCred, Analah, and SoftBank.

Source: economictimes.indiatimes.com