|The Chatwal New York|
Hampshire Hotels and Resorts, which manages brands under the Dream, Time, Night and Chatwal names, is turning its attention on India after planting flags mostly in the U.S. Led by Indian American entrepreneur Sant Chatwal and his sociable son Vikram, the company plans to launch 52 hotels in India in the next five years, under the Dream and Night brands. The breakdown is reported to be 40 Night hotels and 12 Dream hotels. Hampshire's aim is to operate 100 hotels in India within the next 10 years in partnership with Wyndham Hotel Group, which it has a franchise agreement with.
"In the next five years, we have a definite plan to operate 52 hotels in India and invest Rs 2,000 crore for developing infrastructure," Chairman and CEO of Hampshire Hotels and Resorts Sant Singh Chatwal said, and as reported by The Economic Times. " In the next 10 years, we hope to do 100 hotels here."
"We would like to give more options for the 70 million Indians that travel within the country. Our aim is to be the largest boutique hotel company in the world in the next 10 years," said Vikram Chatwal. (Note: Check out this interesting Q&A that Crain's New York just did with Vikram Chatwal, who beyond hotels is into movie producing and acting, and has been linked to such Hollywood names as Lindsay Lohan.)
The elder Chatwal said they already signed 18 deals for both Dream and Night hotels—most under a franchise and management model.
The company already operates a Dream hotel in Cochin. Reports are that locations such as Delhi, Jaipur, Goa, Pune, Kolkata, Bangalore, Hyderabad, Ahmedabad, Chennai and Raipur have already been finalized.
The company's luxury Chatwal brand could also be in future development plans. "We plan to take the Chatwal brand to India and to a few other places in the world. It will eventually come to India either in Delhi or Mumbai," Vikram Chatwal said.