Ginger Hotels opened its 28th hotel at Noida on Monday and expects the number to increase to 70 in the next three years. The Noida hotel has 83 rooms and is the company’s fifth hotel in the Delhi-NCR region.
P. K. Mohankumar, Managing Director and Chief Executive Officer of Roots Corporation,said that though the company initially focused on building its own hotels, it now wants to focus on scaling up faster. Roots Corporation is a subsidiary of Indian Hotels that runs Ginger hotels.
“We are looking at family-owned non-branded hotels that might be facing difficulties in operating and are looking for tie-ups. We could also look at a large number of uncompleted projects by putting in our equity, besides management contracts with builders as well as lease opportunities,” he said. The company is also looking to tie up with corporates such as IT companies to manage their guest houses.
The company plans to ramp up inventory in the five key cities — Delhi-NCR, Mumbai, Kolkata, Chennai, Bangalore and Hyderabad. “We believe each of these cities have the potential for nearly 20 Ginger hotels,” he said.
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