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    OYO blacklists Nagpur based Stay Inn Hotel and Resorts following allegations of Prostitution racket, read detailed story here

    OYO blacklists hotel following allegations of flesh trade

    OYO permanently terminates the contract with Hotel Resort Stay Inn in Nagpur after allegations of immoral activities in its premises.It is planning legal action against the hotel and individuals allegedly involved in immoral activities.

    The decision came after thorough review of facts and circumstances.
    This aligns with OYO’s ongoing program to promote safe and secure hospitality

    New Delhi, March 20, 2024. Global hospitality technology platform OYO has permanently blacklisted and terminated its contract with Hotel Resort Stay Inn in Nagpur following allegations of flesh trade. It is also planning to pursue legal action against the hotel and individuals involved to ensure accountability. Police have arrested six people including the hotelier, and a case has been registered against them under relevant sections of the Prevention of Immoral Trafficking Act.
    The allegations prompted OYO to conduct a thorough investigation into the matter. After careful review and consideration, OYO found out that the hotel had unilaterally ceased its business association with OYO before the allegations came to light. However, OYO has decided to blacklist the hotel. This decision aligns with OYO’s ongoing program to promote safe and secure hospitality.
    OYO expressed its appreciation to those who brought the allegations to light. The company encouraged anyone with information regarding similar incidents to come forward, assuring them that their concerns would be addressed promptly and professionally.
    Commenting on the development, Ritesh Agarwal, Founder and CEO, OYO said “OYO has a zero-tolerance policy towards any form of illegal or immoral activities on its hotel premises. We are implementing enhanced monitoring and auditing procedures to prevent such incidents in the future. We remain committed to working closely with law enforcement agencies and local communities to create a safe environment for our guests”.
    OYO launched a national program in November 2023 to promote safe and secure hospitality in partnership with law enforcement agencies. As part of the initiative, it has conducted joint seminars with police in several cities such as Noida, Lucknow, Chandigarh, Kolkata, Meerut and Bangalore, which brought together key stakeholders from the hospitality industry, law enforcement agencies, and OYO’s hotel partners. The discussions focused on various aspects of safety and security, including best practices for ensuring guest safety, handling emergency situations, and collaborating with local authorities.
    OYO has a robust safety and security system to ensure that hotels listed on its platform must comply with the safety related laws and guidelines issued by the local law enforcement agencies. It also provides regular safety and security related training to its hotel partners and their employees to watch out for red flags such as guest behavior and unusual check-in patterns and take preventive actions.

    About OYO
    OYO is a global platform that aims to empower entrepreneurs and small businesses with hotels and homes by providing full-stack technology products and services that aim to increase revenue and ease operations; bringing easy-to-book, affordable, and trusted accommodation to customers around the world. OYO offers 40+ integrated products and solutions to patrons who operate over 170k hotel and home storefronts in more than 35 countries including India, Europe and Southeast Asia, as of June 30, 2022. For more information, visit www.oyorooms.com.
    Disclaimer: Oravel Stays Limited is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its equity shares (the “Equity Shares”) and has filed the Draft Red Herring Prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”).
    The DRHP is available on the website of SEBI at www.sebi.gov.in, websites of the Stock Exchanges, i.e., BSE Limited and National Stock Exchange of India Limited at www.bseindia.com and www.nseindia.com, respectively, and is available on the websites of the Global Coordinators and Book Running Lead Managers, i.e., Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited and Citigroup Global Markets India Private Limited at www.investmentbank.kotak.com, www.jpmipl.com and www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm; the websites of the Book Running Lead Managers, i.e., ICICI Securities Limited, Nomura Financial Advisory and Securities (India) Private Limited, JM Financial Limited and Deutsche Equities India Private Limited at www.icicisecurities.com, www.nomuraholdings.com/company/group/asia/india/index.html, www.jmfl.com and www.db.com/India, respectively. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, refer to the Red Herring Prospectus which may be filed with the Registrar of Companies in the future, including the section titled “Risk Factors”. Potential investors should not rely on the DRHP filed with SEBI for making any investment decision. The Equity Shares offered in the Fresh Issue (as defined in the DRHP) and the Offer for Sale (as defined in the DRHP) have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and, may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Accordingly, the Equity Shares are only being offered and sold (i) within the United States only to “qualified institutional buyers” (as defined in Rule 144A under the Securities Act) in transactions exempt from, or not subject to, the registration requirements under the Securities Act, and (ii) outside the United States in offshore transactions in reliance on Regulation S under the Securities Act and pursuant to the applicable laws of the jurisdictions where those offers and sales are made. There will be no public offering of the Equity Shares in the United States.

     

     

     

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