| Gammon
will own and manage the hotels, and Wyndham Hotel Group
International will provide operational, sales, marketing,
training, quality assurance and architecture and design
support.
"Wyndham Worldwide's economy lodging brands took
a major step forward in Asia this week with the signing
of this agreement, which serves as a platform to grow
the Super 8 and Days Inn brands across the Indian subcontinent,"
said Steven A. Rudnitsky, Wyndham Hotel Group president
and CEO. "From a corporate perspective, we are
fulfilling our strategic plan to grow our system outside
North America."
According to HVS International, a hospitality consulting
firm, India will remain as one of the world's fastest-growing
tourism markets for the next three to five years. Demand
for budget, economy and mid-market hotels in secondary
and tertiary cities is expected to increase significantly
with the development of roads and other infrastructure.
It is a natural corollary that the growth in the new
hotels and the resulting restaurants will result in
an increased consumption of wine too.
Wyndham Group has nearly 6,500 hotels and more than
541,000 hotel rooms on six continents. All hotels either
are independently owned franchises or managed by a Wyndham
Hotel Group subsidiary.
Gammon India Ltd. was established by the late J. C.
Gammon in 1919 as a civil engineering and contracting
firm. It was incorporated in 1922 a private limited
company under the name of J. C. Gammon (Bombay) Pvt.
Ltd. The company went public in 1962 as Gammon India
Ltd.
Source: http://www.indusbusinessjournal.com/
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