Carlson Rezidor Hotel, in 21012, had signed a deal with Bestech to develop a network of 49 ‘Park Inn by Radisson’ hotels in north and central India by 2024. The partners had decided to jointly invest $42 million to develop the first two hotels at Gurgaon and Mohali. Now the Carlson Rezidor Hotel Group is looking to have similar ventures in the south, west and east India.
Simon C. Barlow, President-Asia Pacific, Carlson Rezidor Hotel Group, said: “We are looking to put in seed funding to create an investment vehicle that will build multiple hotels for the Southern, Western and Eastern regions, and strike strategic alliances with partners, just as we did for the North and Central regions.”
These alliances would also be for the Park Inn Hotel brands that the company believed would drive growth. “Gone are the days when hotels could charge inflated room tariffs. The name of the game is to build and run hotels more efficiently that give good returns on investment for developers,” said Barlow.
The hotel chain plans to touch the 100-hotel mark by 2015. “Despite various economic and regulatory challenges, we have been constantly delivering. We opened 13 hotels in 2012, as planned. In 2013, too, we expect to open about 13 hotels under all our brands,” said Barlow.
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