Hotline: 1800 102 2007
Hotline: 1800 102 2007
Apr, 09 2019

Sahara Hotels eyes setting up 3 more properties

Sahara Hospitality is planning to invest Rs 3,000 crore to set up three more properties in north India.

Sahara Hotels eyes setting up 3 more properties

Sahara Hospitality, which runs the luxury hotel Sahara Star near Mumbai’s domestic airport, is planning to invest Rs 3,000 crore to set up three more properties in north India.

Chintan Shah, Virtual Head of Finance, Hotel Sahara Star, said, "We might invest Rs 3,000 crore on new properties. Sahara Group has huge land banks across India. We will identify the location at later stages."

The group is running Sahara Star in Mumbai since 2002. It is planning to add more rooms and features in this property as the Sahara Star runs at an average occupancy of 85-90%.

Sahara Hospitality will launch a total of 62 rooms, a 14,000 sq ft gym and a 13,000 sq ft spa facility in coming months inside the property. Presently, the hotel has 344 operational rooms and recently opened its eight restaurants.

“We want to keep the momentum going and hence we would be setting up another property. In fact, we have three in mind, but we would like to go a little slow. We will add at least three more properties in the next two years,” Shah added.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Furniture/Home Decor & Furnishing
    About Us: INSTA DECOR is a Interior design consortium headed by..
    Locations looking for expansion New Delhi
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • Womens Wear
    About Us: Established in 2014, Young trendz is one of the..
    Locations looking for expansion Tamil nadu
    Establishment year 2014
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Tirupur Tamil nadu
  • Fitness Equipment Stores
    About Us: Body Mechanism, Informally known as BM, Is an Advanced..
    Locations looking for expansion New Delhi
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 5200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater DELHI New Delhi
  • Fine Dine Restaurants
    About Us: Virasat, as the name inspires a legacy works towards..
    Locations looking for expansion Rajasthan
    Establishment year 2006
    Franchising Launch Date 2006
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 4000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
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