Indian-American hotelier Sant Singh Chatwal is expanding his Dream Hotel Group to India, and plans to open a hotel in New Delhi in 2019.
According to The Times of India, Chatwal has signed a hotel management agreement with Viiking Ventures chairman Sachiin Joshi to open the 187-guestroom and suite Dream New Delhi in West Delhi's central business district.
The agreement coincides with the company's international expansion plans with nine new hotel signings across all four brands—Dream Hotels, Time Hotels, The Chatwal and Unscripted Hotels. Dream Hotel Group is expected to boost its global presence by 230 percent over the next four years, according to Travel Trends Today. Currently, 16 hotels are open while an additional 26 properties are in the pipeline, tripling the company's existing portfolio by 2022.
Dream Hotel Group has also signed projects in Dallas, Vietnam, the Maldives and the Dominican Republic, which represent $750 million in new hotel development. All of these hotels were signed with independent development partners.
In late January, Dream Hotel announced plans to open two new hotels in the Maldives in 2019 and 2020, respectively, with local entrepreneur Mohamed Manik and Alpha Kinam Holdings. The Chatwal Maaga Maldives and the Dream Gasveli Maldives will triple the group's current presence in Asia.
The Chatwal Maaga Maldives on the North Ari Atoll will have 80 villas, six private beach villas and two presidential villas. Meanwhile, the Dream Gasveli Maldives is set to be the largest fully-integrated resort ever developed in the Indian Ocean. It will have 500 villas across three islands in the Meemu Atoll.