Choice Hotels on expansion spree

October 8, 2008	(Be the first to rate this story!)  Loading ...
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Global hospitality chain Choice Hotels will double the number of its hotels by 2010. The group, which has four brands in India, is planning to invest Rs 1,500 crore over the next two years to double the number of its hotels from the existing 25 to a figure of 50 across India. “We have started construction of 21 more hotels and plan to sign agreements for four more. All these new 25 hotels would be ready by end of 2010 calendar year and we would thus double our number of hotels in India to 50,” Choice Hotels India Chief Executive Officer Vilas Pawar said. He added the group would invest Rs 1,500 crore in setting up of new hotels, including cost of the land, along with some other real estate developers with whom Choice Hotels has entered into partnership. “We have tied up with real estate player Amrapali Group for three hotels, Mittal Group for two, Asterix Group for two and Sabri group for developing four hotels,” Pawar said.

The group, which has around 5,500 hotels around the world under ten brands, has 25 in India under the brands ‘Sleep In’ (accommodation based 3-star), Comfort (restaurant-cum-accommodation 3-star), Quality (full service 4-star) and Clarion (entry level 5-star). It has currently an inventory of 2,000 rooms and plans to add 1,800 more in the new hotels, he added. Among the 25 new hotels planned, one would be in the Sleep In brand, four would be Clarion and the rest divided among the Comfort and Quality brands. The new properties are to come up in New Delhi, Amritsar, Hyderabad, Pune, Chandigarh, Manesar, Gurgaon, Goa, Bangalore, Chennai, Ludhiana, Noida and Bathinda.

News Published Under:   Real Estate India, Hotel Industry in India |

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