• News by Month

  Select Month February 2012 January 2012 December 2011 November 2011 October 2011 September 2011 August 2011 July 2011 June 2011 May 2011 April 2011 March 2011 February 2011 January 2011 December 2010 November 2010 October 2010 September 2010 August 2010 July 2010 May 2010 April 2010 March 2010 February 2010 January 2010 December 2009 November 2009 October 2009 September 2009 August 2009 July 2009 June 2009 May 2009 April 2009 March 2009 February 2009 January 2009 December 2008 November 2008 October 2008 September 2008 August 2008 July 2008 June 2008 May 2008 April 2008 March 2008 February 2008 January 2008 December 2007 November 2007 October 2007 September 2007 August 2007 July 2007 June 2007 May 2007 April 2007 March 2007 February 2007 January 2007 December 2006 November 2006 October 2006 September 2006

• News by City

  • Bangalore
  • Chennai
  • Delhi
  • Faridabad
  • Gurgaon
  • Hyderabad
  • Kolkata
  • Mumbai
  • Noida
  • Pune

• News by Category

  • NRI
  • FDI
  • Home Loans
  • Real Estate India
  • Banking and Finance
  • Real Estate Developers

« Stimulus package May Provide Long Term Benefits to Realty Sector | Home | Real Estate Severely Hit in Bangalore »

JHM Interstate Hotels plans 35 Properties in India

JHM Interstate Hotels Ltd, an international third party hotel management company, plans to bring 35 properties under its fold in the next five years in India and is in advanced stages of negotiation with hotel owners for the same. “We are planning to manage about 35 properties in the various star categories in the next five years,” JHM Interstate Hotel India Managing Director Anil Bhandari told PTI.

The company, which is a 50:50 joint venture between US-based hotel real estate investor Interstate Hotels & Resorts and JHM Hotels, an independent developers and owners of hotels in the US, has already announced its first contract for a 124-room property in Vishakhapatnam to be launched under the Double Tree brand of Hilton. The Vizag hotel, owned by Andhra Pradesh-based real estate developer Sarath Kumar, would be operational by March. Bhandari said the firm is talking to hotel owners and would sign deals for four hotels in the next two months. It has also signed two hotels in Gujarat one in Surat and another one in Ahmedabad. The company also plans to own hotels in India through its investment arm, Duet India Hotels Ltd, a UK-based, real estate investment fund.

News Published Under:   Real Estate India | No Comments »

Comments

Name (required)   

Mail (required)      

URL