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OYO hires from Starbucks

OYO Hotels & Homes has appointed Troy Alstead as a board member.

Alstead was most recently COO at Starbucks Corporation, having been with the company for 24 year.

Ritesh Agarwal, founder & group CEO, OYO Hotels & Homes, said: “Troy brings tremendous operating and governance experience that will help us continue delivering on our mission to help millions of middle-income people around the world gain access to quality accommodations at different price points. As we continue to grow and to deepen our relationships with asset owners and consumers around the world, we are fortunate to have seasoned professionals like Troy on our board of directors.”

Alstead added: “OYO, with its unique asset-light business model and strong data capabilities, is creating something entirely new for more than 3 billion middle-income travellers and city dwellers who need accommodations that meet their standards and also their budgets. I look forward to working with Ritesh, the management team, and my fellow board members as OYO strives to become the world’s most beloved and preferred hotel brand.”