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Chatwal to open 52 hotels across India

January 15
22:37 2012

Sant Chatwal, the New York-based hotelier, announced elaborate expansion plans to open 52 lifestyle hotels across India over the next five years. The new hotels under the brands ‘Dream’ and ‘Night’ will be managed by the global hospitality major Wyndham Hotel Group.
The idea is to invest around Rs 2,000 crore over the next five years which would come through internal accruals and will go into buying equity in individual hotel properties, according to Chatwal, chairman and CEO of Hampshire Hotels & Resorts.
There would be a tripartite arrangement between Chatwal’s group hotels, the Wyndham Group and the hotel property owner in a revenue share agreement where new hotel properties would be developed though franchisee route.
The group has already signed deals for 18 hotels that would come up in cities such as Delhi, Mumbai, Goa, Pune, Kolkata, Hyderabad, Ahmedabad, Raipur, Coimbatore, among several others. Over the next ten years the company aims to have around 100 hotels in India.



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