OYO Hotels & Homes Appoints Troy Alstead as an Independent Member of the Board

Image Courtesy: OYO

Continuing delivering on our mission to help millions of middle-income people around the world gain access to quality accommodations at different price points, we, at OYO Hotels & Homes are pleased to welcome Troy Alstead as an independent member of the company’s board of directors. 

Troy shall be joining the board which has Industry experts like Gerardo Issac (Gerry) Lopez, Operating Partner at SoftBank Vision Fund, Betsy Atkins, CEO & Founder of Baja Corporation, Munish Varma, SoftBank Investment Advisers, Bejul Somaia, Managing Director, Lightspeed Venture Partners and Mohit Bhatnagar, Managing Director, Sequoia Capital and Aditya Ghosh making it a powerful, diverse, and truly global combination. 

In his capacity as an independent member of the board, Troy will play a supervisory role and provide guidance to the Founder and the management, on key business decisions. His depth of experience in operations, financial management, business resilience planning and growth cycle management will strengthen the company’s ability to deliver on sustainable growth, operational and service excellence, thereby helping us to continue building a strong culture of corporate governance. 

Troy Alstead brings to OYO over two decades of experience having worked with Starbucks Corporation where he dedicated 24 years of service in building the solid foundations of the company grounds-up. Having most recently served as Chief Operating Officer, responsible for leading the global operations of the business and its family of brands around the world, Troy is a treasure-trove of knowledge and business resilience. He is also the founder, president, and CEO of Ocean5, the unique new place for playing, meeting, and dining, and Table 47, the new farm-to-table, fresh from the scratch restaurant, both located in Gig Harbor, Washington. His ability to determine what the new-age customer needs and curate a product that successfully helps satisfy the said need, at scale will be valuable as we go about our journey of helping people live the good life.  Troy is also on the Board of Topgolf Group Ltd, Harley-Davidson Inc, and Levi Strauss & Co. 

Ritesh Agarwal, Founder and Group CEO, OYO Hotels & Homes on the appointment said.“We are delighted to welcome Troy to OYO’s board of directors. 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.”

Troy Alstead, said, “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,”

Known worldwide as a new age young hospitality startup, OYO Hotels & Homes has attracted some of the world’s leading investors, including Airbnb Inc., SoftBank Vision Fund, Sequoia Capital, Lightspeed, and Hero Enterprise. 

Source: OYO