Hotline: 1800 102 2007
Hotline: 1800 102 2007
Dec, 18 2018

Cygnett Hotels and Resorts plans to expand its operations

Currently, Cygnett is managing 30 properties across 25 locations in India in the luxury, mid-range and budget segments under five brands.

Cygnett Hotels and Resorts plans to expand its operations

Cygnett Hotels and Resorts, affordable luxury hospitality brand, has chalked out an aggressive plan to expand its operations in India and abroad with a planned investment of Rs 280 crore over the next fiscal.

Sarbendra Sarkar, Founder and MD of Cygnett, said, "We are scouting locations in cities like Rishikesh and Vrindavan. By 2020, we shall have four wellness spa resorts with an investment of Rs 120 crore."

"We are planning 10 more properties in India. In this leg of expansion, we intend to focus on the east and northeast due to the immense tourism potential here. We shall have two properties in Kolkata and at least five in the northeast by 2020," he added.

Sarkar further stated, "The new northeast ventures will see an investment of Rs 65 crore, while the two in Kolkata will receive Rs 30 crore. We have plans to acquire the management of properties in Odisha in 2020. The northeast properties will be in Itanagar, Gangtok, Tinsukia, Dibrugarh and Yangang."

Currently, Cygnett is managing 30 properties across 25 locations in India in the luxury, mid-range and budget segments under five brands. It is also looking to manage properties in Bangladesh and Sri Lanka with a planned outlay of Rs 80 crore in the next fiscal.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Casual Dine Restaurants
    About Us: Echoes is a venture started by a bunch of..
    Locations looking for expansion New Delhi
    Establishment year 2015
    Franchising Launch Date 2016
    Investment size Rs. 30lac - 50lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater North Delhi New Delhi
  • Quick Service Restaurants
    About Us: Line – A box of truly, madly, deeply amazing..
    Locations looking for expansion Gujarat
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Car Wash / Ceramic Coating / Detailing
    About Us: COZI CARS - Mobile Car Wash/Spa & Detailing Franchise Opportunity You ..
    Locations looking for expansion New Delhi
    Establishment year 2010
    Franchising Launch Date 2014
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
  • Quick Service Restaurants
    About Us: Health bowl was founded by Mr. Vibhor Gupta in..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities