IBC Group’s unit closes $5bn deal with Indian lodging booking website

Mubasher: The subsidiary of the UAE-based IBC Group, Gallery Suites Vacation Rentals, has unveiled $5 billion deal with India’s booking budget lodging, Oyo Rooms, to furnish and manage holiday homes located in Dubai.

The agreement will see the management of a portfolio of 10,000 elite properties in Dubai, Arabian Business reported on Wednesday.

The properties subject to the partnership will be located on Dubai Marina and Palm Jumeirah.

Gallery Suites- Oyo deal came ahead of Expo 2020 Dubai, which is expected to attract 25 million visitors from around the globe.

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