Restaurant Franchise Opportunities

Planning Oct, 20 2014

StayWell Hospitality to add 18 hotels in India by 2017

The group has two properties in the country and is targeting a mix of major metros and smaller cities including Mumbai, Delhi-NCR, Goa, Jaipur, Bangalore and Chennai along with Hyderabad, Kolkata, Visakhapatnam and Ahmedabad.

By Franchise India Bureau
StayWell Hospitality to add 18 hotels in India by 2017

StayWell Hospitality, the Australia-based hotel chain is planning to add 18 hotels in India by 2017, says a PTI report.

The group is targeting mid and up-scale segments as part of expansion plans entailing an investment of around $20 million.

The group has two properties in the country and is targeting a mix of major metros and smaller cities including Mumbai, Delhi-NCR, Goa, Jaipur, Bangalore and Chennai along with Hyderabad, Kolkata, Visakhapatnam and Ahmedabad.

"We plan to have 20 properties in India as part of growing our portfolio globally to 100 by 2017. Currently, we have two hotels in the country - one in Jaipur and one in Gurgaon," Simon Wan, Chief Executive and MD, StayWell Hospitality Group told PTI.

When asked about the investment for the purpose, he said it would be around $20 million (over Rs 120 crore).

The company that operates two hotel brands - Park Regis (upscale brand) and Leisure Inn (mid scale brand) said that India offers a great opportunity for expansion as it is one of the major growing economies in the world.

Elaborating on the expansion plans, Wan said, "In the first phase over the next six months, we will be opening five more hotels - a Park Regis each in Goa and Jaipur and two Leisure Inn in Mumbai and one in Hyderabad."

Founded in 2006 with five hotels across Australia, StayWell Hospitality Group currently manages 34 properties globally and employs over 1,300 people. 

Related: TajSATS Plans to Diversify

Click Here to add Comment
Please add your Comment
Rating
NEWSLETTER SIGNUP

Submit your email address to receive the latest updates on news & host of opportunities.

Most

Video

Magazines & Books

Read the latest franchising magazines and books to get comprehensive and up-to-date information on leading franchise systems, trends and more.

BOS
Recommended For You
Newsletter Signup
Submit your email address to receive the latest updates on news & host of opportunities.
Restaurant India

Copyright © 2009 - 2016 Franchise India Holdings Ltd.

The information contained herein is of generic nature only, and Franchise India is not, by means of this website or any part thereof, rendering professional advice or services. Before making any decision or taking any action that might affect your finances or business, you should consult a qualified professional advisor. Your use of this website or any of its pages or links given, is at your own risk and you assume full responsibility and risk of loss resulting from your usage. With respect to use of the website, kindly visit www.franchiseindia.com/terms.