India, Aug. 6 -- Hospitality major OYO's parent Oravel Stays Ltd is planning to launch 25 new hotels under the 'SUNDAY' brand this financial year.

The company is eyeing to launch these hotels in the next two months across key travel destinations, including Gurugram, Manesar and Corbett.

Launched in May last year, SUNDAY Hotels is a joint venture between the SoftBank Group and Oravel Stays.

Aditya Sharma, business head of Oravel Stays Private Limited, said, "This strategic move increases our portfolio of high-quality, upscale properties. The addition of new properties in key markets have been carefully selected".

OYO's expansion of SUNDAY Hotels comes days after OYO withdrew its IPO documents from SEBI, signalling a shift in its capita...