NEW DELHI: Tata Group firm Indian Hotels will open 19 new properties under 'The Gateway Hotels and Resorts' brand in four years as part of its expansion plans.
The hospitality company, which currently has around 2,200 rooms under the Gateway portfolio, will thereby add another 2,000 rooms to its present strength.
"We will be opening 19 new hotels under the Gateway brand by FY 2017 across the country, taking the total tally of hotels under the brand to 42," The Gateway Hotels and Resorts Chief Operating Officer Prabhat Verma told PTI.
The new hotels will come up at Kolkata, Raipur, Pune, Hyderabad, NCR, Corbett Park, Bangaluru and Gondia in Maharashtra, among others, he added.
When asked about investments, he did not share a specific figure citing it would depend on the business model followed for the new properties proposed to be added.
"We are taking multiple approaches for these hotels. The upcoming properties will be a combination of management contract and joint ventures," Verma said.
The company is also open to investments as and when required, he added.
The Gateway Hotels and Resorts are upscale full service hotels and resorts and are five star properties.
Despite the current slowdown, he expressed optimism over the hospitality sector in India, saying "potential of the country is huge and tourism in the country is bound to grow."
The company currently has 23 Gateway properties across the country at Agra, Ahmedabad, Bengaluru, Calicut, Chikmagalur, Coonoor, Ernakulam, Gir, Hubli, Jaipur, Jaisalmer, Jodhpur, Madurai, Mangalore, Nashik, Surat, Vadodara, Varanasi, among others.
It launched its 23th property, having 198 rooms, at Chennai on Saturday.
Source: Economictimes.com
The hospitality company, which currently has around 2,200 rooms under the Gateway portfolio, will thereby add another 2,000 rooms to its present strength.
"We will be opening 19 new hotels under the Gateway brand by FY 2017 across the country, taking the total tally of hotels under the brand to 42," The Gateway Hotels and Resorts Chief Operating Officer Prabhat Verma told PTI.
The new hotels will come up at Kolkata, Raipur, Pune, Hyderabad, NCR, Corbett Park, Bangaluru and Gondia in Maharashtra, among others, he added.
When asked about investments, he did not share a specific figure citing it would depend on the business model followed for the new properties proposed to be added.
"We are taking multiple approaches for these hotels. The upcoming properties will be a combination of management contract and joint ventures," Verma said.
The company is also open to investments as and when required, he added.
The Gateway Hotels and Resorts are upscale full service hotels and resorts and are five star properties.
Despite the current slowdown, he expressed optimism over the hospitality sector in India, saying "potential of the country is huge and tourism in the country is bound to grow."
The company currently has 23 Gateway properties across the country at Agra, Ahmedabad, Bengaluru, Calicut, Chikmagalur, Coonoor, Ernakulam, Gir, Hubli, Jaipur, Jaisalmer, Jodhpur, Madurai, Mangalore, Nashik, Surat, Vadodara, Varanasi, among others.
It launched its 23th property, having 198 rooms, at Chennai on Saturday.
Source: Economictimes.com
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