"We have started construction of 21 more hotels and plan to sign agreements for four more. All these new 25 hotels would be ready by end of 2010 calender year and we would thus double our number of hotels in India to 50," Choice Hotels India Chief Executive Officer Vilas Pawar said according to a report in ET.
The investment of Rs. 1.5 billion will also include cost of the land, along with some other real estate developers with whom Choice Hotels has entered into partnership.
The group, which has around 5,500 hotels around the world under ten brands, has 25 in India under the brands 'Sleep In' (3-star), Comfort (3-star), Quality (4-star) and Clarion (entry level 5-star).
It has currently an inventory of 2,000 rooms and plans to add 1,800 more in the new hotels. Among the 25 new hotels planned, one would be in the Sleep In brand, four would be Clarion and the rest divided among the Comfort and Quality brands.
The new properties are to come up in New Delhi, Amritsar, Hyderabad, Pune, Chandigarh, Manesar, Gurgaon, Goa, Bangalore, Chennai, Ludhiana, Noida and Bathinda. |