Online hotel aggregator OYO has acquired the Chennai-based service apartment Novascotia Boutique Homes which boosts its portfolio by 350 luxury rooms, strengthening its position as the largest full-stack hospitality tech company in India. This and other acquisitions add to OYO’s targeted 1,80,000 keys by the end of 2018, 4.5% of hotel market share.

These upscale serviced located in business hubs offer spacious rooms, meals, gym and dining area in cities where a five-star hotel room might average $500 a day, making serviced apartments a cost-effective solution for corporate travel.

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