OYO may acquire LPU's student housing assets for $200 mn

Gurugram-based hospitality startup OYO is reportedly in advanced talks to acquire the student accommodation assets of Lovely Professional University (LPU) for $200 million. The details of the deal, which may be a multi-decade long-term agreement, are being finalised, reports said. The private university's campus, located in Punjab, had gross revenues of over $30 million in 2018-19, reports added. #sutathu,#oyo,#lpu,#sstudenthousingassets,#startup

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