Australia-based StayWell Hospitality Group will have 25 properties in India in three years under its Park Regis and Leisure Inn brands. Most of these will be under management contract.
“We have signed 13 properties under management contract in India, of which four are already operational,” StayWell Hospitality Group Managing Director Rohit Vig told PTI. “In next two year we will see them all operational, of which 10 will be under the Leisure Inn brand and three will be under Park Regis. Overall we are looking at operating 25 hotels in the next three years in India,” StayWell Hospitality Group Managing Director Rohit Vig told PTI.
The company’s midscale Leisure Inn brand is expected to grow more rapidly in tier-two and -three cities, industrial towns and religious destinations, Vig said.
The group is also preparing to launch a boutique hotel brand in London that will come to India six to eight months later. “The new boutique brand will mainly be aimed for tier-one cities,” he said. “For this brand we will be exploring locations like Mumbai to start with and then maybe Delhi and Bangalore.”
The company, which is focused on management contract, is “very selective” about franchise agreements, Vig said. “The property has to very strategic and meet with our specifications. Otherwise we are very focused on the management contract model.”
StayWell Hospitality Group has a portfolio of 35 properties in Indonesia, the UAE, India, Singapore and multiple properties in Australia including Sydney, Melbourne, Brisbane, Cairns, Townsville and Launceston.