India development plows ahead in 2015

With business booming and more money to spend on development and acquisitions, more companeis are turning their attention to India. With the ever-present need for more supply and the money to provide it, building a bigger base in India just makes sense.

One company with an eye on India development is the Carlson Rezidor Hotel Group. The company signed three new contracts for hotels across the country's North, South and Western regions. According to The Economic Times, the first of the new properties includes the 150-room Radisson Blu Kochi Elamkulam, which is owned by Middle East Hotel Company, an affiliate of Hampshire Hotels, and is expected to open December 2015. Next is the Radisson Resort Mahabaleshwar, a 158-room property owned by Phenominal Industries and planned for a Q1 2019 opening. Lastly, the Radisson Guragon Sohna Road, a 119-room hotel agreed toward the meetings and events market near Indira Gandhi International Airport, will open Q1 2018. The hotel is owned by X Nine Developers. 

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

“We have a strong and active development pipeline, with many of these projects already under construction," said Raj Rana, CEO, South Asia, Carlson Rezidor Hotel Group, told The Jakarta Post. "Our strategy to concurrently strengthen our presence in state capitals, as well as emerging secondary and tertiary cities, is delivering the robust growth that we anticipated. We are confident of achieving our goal of increasing our India portfolio to more than 170 hotels within the next five years."

BUILDING TOWARD A GOAL

Also kicking off greater expansion into India is Vantage Hospitality, which recently appointed Gaurav Sarin to VP and COO of Miraya Hotel Management with the goal of developing more Value Inn Worldwide and Value Hotel Worldwide hotels throughout India. Sarin was previously head of operations for Best Western India, and his goal is to grow the Value Inn & Hotels brands to 100 properties in the country over the next five to seven years.

"There is tremendous opportunity and demand in India for brands like Value Inn & Hotels India and Gaurav has the industry knowledge, expertise and drive to make a big impact in a short amount of time," said Bill Hanley, Vantage's group president of international development.

Meanwhile, The Times of India reported that the first Hard Rock Hotel in Goa (pictured above) is expected to open in December. The 135-room hotel is replacing the existing North 16 resort and will be run by Spectra Hotels & Resorts, a partnership between North 16's current owners Convention Hotels India and Spectra Hospitality Services. The hotel was originally aiming for a March openings, but delays have pushed the opening date to the first week of December.

THE VIEW FROM INSIDE

Lastly, Indian Hotels Company, owners of the Taj Hotels and Resorts brand, announced last month that they will be opening 15 new hotels in the country this year, making it India's largest hotel chain with 17,492 rooms across 146 properties.

The Taj brand has management contracts for properties at the Bangalore International Airport and three gateway hotels in Zirakpur, Dehradun and Wayanad. Other openings include: Taj hotels at Santacruz, Mumbai, and BIAL; two Vivanta by Taj hotels in Guwahati and Amritsar; two Gateway hotels at Hinjewadi and Pune; and a resort at Jim Corbett National Park.

 

Suggested Articles

Following its purchase of Seiler & Partenaires Holding SA, Aevis Victoria has bought eight Swiss hotels, including the InterContinental in Davos.

The family-friendly Hyatt Ziva Cap Cana and adults-only Hyatt Zilara Cap Cana resorts both have 375 guestrooms each.

Ahead of IHIF, Enterprise Greece CEO Georgios Filiopoulos discusses the country's most-promising areas for hotel investment.