Apeejay Surrendra Park Hotels, which operates the luxury hotel chain ‘The Park', has rolled out a Rs 1,500-crore expansion plan to double its room capacity to 2,200 rooms within the coming five years.
On the cards is a second hotel in Kolkata, and four new properties – one each in Jaipur, Pune, Goa and Kochi as per a report in Hindu Business Line by Abhishek Law.
The Kolkata-headquartered hotel chain has 1,100 rooms spread across its own properties in Delhi, Bangalore, Chennai, Kolkata, Visakhapatnam, Navi Mumbai and Hyderabad and its three managed properties in Goa, Kerala (including a cruiser service) and Chennai. The group opened its last property in Hyderabad in April last year.
“We plan to add nearly 850 rooms through our own properties while the remaining 250-odd hotels would be through managed properties. Managed properties help us have a pan-India presence,” said Mr Vijay Dewan, Managing Director, Apeejay Surrendra Park Hotels.
Of these five hotels, the ones in Goa (to be inaugurated later this month) and Kochi (July 2012) will be managed properties. The remaining three –Kolkata, Jaipur and Pune – will be owned and managed by the group.
The Park in 2010-11 reported a turnover of Rs 300 crore.
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