India Post News Paper

Blog

 Breaking News

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.

Comments

comments

About Author

India Post Newspaper

India Post Newspaper

Refresh yourself every morning with India Post news coverage, videos & photos in India Post News Paper. Check out the news stories from India and the World.

Related Articles

EPAPER – LATEST EDITION – May 20th, 2022

ADVERTISEMENT – ZEE5

Attack Part 1 on ZEE 5

ADVERTISEMENT – CALTRANS

Caltrans Near Me

ADVERTISEMENT – ACVOTE.ORG

ACVOTE

ADVERTISEMENT – SMCVOTE

SMCVOTE

ADVERTISEMENT – SKYRIVER CASINO

Skyriver

ADVERTISEMENT – 22BET

22Bet Casino

POPULAR CATEGORIES

50 SPIRITUAL APPETIZERS – VINOD DHAWAN

50-ad-Indiapost

It’s a lovely book. It feels energetically clear and light. It’s easy to read, dip in and out and most importantly it offers information without fluff! Blessings on this project.

Jac O’Keeffe
Spirituality teacher based in USA.

*Available on Amazon, Flipkart & other online stores*

Download Media Kit

India Post Media Kit