US real estate billionaire Donald Trump is expanding the footprint of his Trump Hotel Collection across India, betting big on the branded luxury homes and hospitality market in the country.
The Trump Organisation, known for its luxury properties across the globe, is also exploring mixed-use projects that could include multiple Trump branded products in one master plan - residences, golf, and hotel - as it sees agrowing demand for this genre of products from rich Indians, Donald Trump Jr, executive vicepresident of Trump Organisation, said to ET.
"We are working with local developers to bring Trump Hotel Collection, our wholly-owned hotel management company, to India," he said. "Just like our luxury branded residences, Trump Hotel Collection will offer the Indian market the best in luxury."
According to Trump Jr, the company is currently in talks with "very high-calibre" developers for executing its product developments across the country. "We have some exciting projects in the works which we look forward to sharing in the coming months," he said.
"We remain excited about the Mumbai market and moving this project to the next step." Though he believes their brand will do "extremely well" in Mumbai, he foresees opportunities in other key cities, including Bangalore and the National Capital Region, besides luxury leisure destinations such as Goa. "There is tremendous wealth and demand for luxury branded real estate products," he said.
The Trump Hotel Collection, launched in 2007, has seven operational properties with 3,280 guestrooms. This collection also includes the Trump International Hotel & Tower New York, which opened 15 years ago.