OYO Hotels and Homes, the world’s sixth largest chain of hotels has agreed to acquire Amsterdam-based @Leisure Group. The group is a vacation rental company in Europe which manages holiday homes, holiday parks, and holiday apartments.
OYO will acquire @Leisure from Axel Springer, the media and technology company. The group, through its Belvilla, DanCenter, and Danland brands, offers more than 30,000-fully managed holiday homes across 13 countries in Europe and through its Traum-Ferienwohnungen brand, offers a subscription-based home management service with over 85,000 homes across 50 countries.
OYO’s global chief strategy officer, Maninder Gulati said: “I would like to commend @Leisure Group’s team for the incredible work they have done to bring wonderful and memorable living experiences to travelers around the world by offering beautiful holiday homes, cottages and holiday parks, in 300+ cities across Europe stretching all the way from Kokelv, Norway to Zahara de los Atunes, Spain.
“With @Leisure Group, its team and capabilities, we see OYO further its mission of creating quality living experiences for everyday travelers.”
Tobias Wann, current CEO of @Leisure Group, will join OYO’s leadership group as CEO, vacation homes, OYO Global, and will work to turn OYO’s home business into a global by-word for vacation and urban home rentals.
Tobias Wann, CEO @Leisure, added: “We are delighted to join forces with OYO in its mission of creating quality and beautiful spaces. @Leisure Group was started with a similar mission to identify and service all forms of vacation and urban home rentals, focusing on delivering a hassle-free experience to both homeowners and guests.
“I am delighted to share that we’ve successfully achieved that over the past few years, and now aspire to leverage our synergies to deepen our presence in Europe and look to expand globally.”