|
Global Hyatt Corporation (GHC) plans to add two more
brands, Hyatt Place and Andaz to the existing portfolio
of Hyatt Regency, Grand Hyatt and Park Hyatt in India
said Mark S Hoplamazian, president and CEO of GHC on
his maiden visit to india, repots dna.com
"The process to find suitable development partners
for these two brands in India have been initiated already.
And being in the initial discussion stages, I would
be speculating by giving out any further detail."
said Hoplamazian.
GHC currently has five hotels across India —
Grand Hyatt in Mumbai, Hyatt Regency in Mumbai, Delhi
and Kolkata, and Park Hyatt in Goa. These hotels have
been established through the management route over the
last 25 years. Management contracts have been already
signed with 14 new hotels.
Grand Hyatt Mumbai is the only project in the country
wherein GHC has equity stake of 50% - the balance is
owned by the promoter, Juniper group of hotels. Hoplamazian
refrained from divulging precise investment details.
He did, however, show his keenness to expand the Hyatt
network. "We are not averse to equity participation
if a situation arises. We will be keeping an open mind
with investing in the Indian market and take it up on
a case to case basis." he said
"The new hotels being signed are under various
stages of development. We still haven't put a timeframe
for their launch though. The new introductions will
add more than 3,000 rooms to our existing inventory
of over 2,200 rooms across five hotels in India,"
said Hoplamazian. These projects will most likely have
the three existing brands.
Full report at :
http://www.dnaindia.com
|
