OYO Hotels and Homes will be leasing, renting out and managing both furnished and unfurnished units for Hub71 residents.
Hub71, the global tech ecosystem based in the Emirati bustling capital’s Abu Dhabi Global Market (ADGM), has signed an agreement with OYO Hotels and Homes, the world’s fastest-growing chain of hotels, apartments and living spaces. OYO will offer select accommodation to startups that are subscribed to Hub71’s Incentive Packages. OYO will be leasing, renting out and managing both furnished and unfurnished units for Hub71 residents. The accommodation is located on Al Reem Island, two kilometres fromto Al Maryah Island.
“Hub71 is designed to support global startups during the most important phase of growth," Mahmoud Adi, CEO of Hub71, said. "Through our partnership with OYO, we will offer free leases for startups with up to five employees for two years, and 50% subsidized leases for startups with up to 25 employees for three years,”
Furthermore, Hub71 is supporting startups with exclusive market access and mentorship. “We are thrilled to partner with Hub71, offering OYO standardised accommodation to startups. With OYO as a trusted accommodation partner, the young entrepreneurs, founders, and their families will have one less thing to worry about as they solve modern-day problems,” adds Ritesh Agarwal, founder and CEO of OYO Hotels and Homes.
Established in 2013, OYO has brought out a change in the hospitality and home-rental industry by offering an affordable, conventional and structured quality experience to travelers and residents around the globe. Today, OYO Hotels and Homes manages and hosts guests in over 23,000 hotels and over one million rooms around the world.
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