StayWell Hospitality boosts India portfolio

StayWell Hospitality Group is making a major push in India with the announcement of 18 hotels expected by 2017. The hotels, according to the Economic Times, will target mid and up-scale segments as part of expansion plans entailing an investment of around $20 million.

"The group has tow properties in the country and is targeting a mix of major metros and smaller cities, including Mumbai, Delhi-NCR, Goa Jaipur, Bangalore, Chennai along with Hyderabad, Kolkata, Visakhapatnam and Ahmedabad," the article reports.

Simon Wan, StayWell Hospitality Group Chief Executive and Managing Director told the Economic Times that the company plans to have 20 properties in India as part of a growing portfolio to eventually include 100 by 2017. 

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"In the first phase over the next six months, we will be opening five more hotels - a Park Regis each in Goa and Jaipur and two Leisure Inn in Mumbai and one in Hyderabad," Wan says. Future destinations will include NCR, Bangalore, Chennai, Raipur, Kolkata, Visakhapatnam and Ahmedabad. 

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