Last week AccorHotels announced that it was combining onefinestay, Travel Keys, and Squarebreak into a single unit, but now has said it is no longer an investor in the “home meets hotel” platform Oasis Collections. Instead, Hyatt has made a strategic, “significant minority” investment in Oasis, bringing the company’s total fundraising to $35 million.
Oasis and Hyatt say the new investment will allow Oasis to expand across US, Europe, Latin America, and Asia, and is expected to also allow Oasis to be integrated into Hyatt’s distribution and loyalty systems going forward. Hyatt’s target market is the high-end leisure and business traveller seeking more space for a longer time, combined with the peace of mind, personalized service and amenities they expect when staying at a Hyatt.
Investment earlier this year took the Oasis portfolio to more than 2,000 properties in 22 cities worldwide.