Not Just a Room Anymore: OYO Now Offers You the Keys to Entire Homes, Apartments, and Luxury Retreats

Mumbai/Sydney(The Uttam Hindu): OYO is making big moves in its global expansion by acquiring MadeComfy, a short-term rental platform based in Australia, through its vacation home brand, Belvilla by OYO. This deal, which involves both cash and stock, got the green light during an Extraordinary General Meeting (EGM) of OYO’s parent company, Oravel Stays.

According to The Economic Times, OYO plans to issue shares valued at around $1.9 million (₹16 crore) at a price of $0.67 (₹57) per share, putting the company's valuation at $5 billion (₹42,500 crore). Additionally, after two years, they will issue another $9.6 million (₹81 crore) worth of shares, along with a cash component that hasn’t been disclosed yet.

Founded in 2015, MadeComfy manages over 1,200 properties across cities like Sydney, Melbourne, Brisbane, Perth, and Adelaide, and also operates in New Zealand. The company reported $9.6 million in revenue in 2024 and specializes in short-term rental management and investor services.

This acquisition gives OYO a strong foothold in Australia and New Zealand, further strengthening its vacation rental portfolio.

OYO has been steadily growing its global presence. In 2019, it acquired Leisure Group, bringing over 50,000 holiday homes under Belvilla across 20 European countries. In 2024, it also purchased G6 Hospitality in the U.S. for $525 million, adding 1,500+ franchised hotels in North America. With these strategic moves, OYO is rapidly emerging as a global hospitality leader.