Hotline: 1800 102 2007
Hotline: 1800 102 2007
Nov, 04 2019

StayWell Hospitality Group targets massive expansion in India

StayWell is operating 75 hotels across the world with 52 owned and remaining on management and franchise contracts.

By News Editor
StayWell Hospitality Group targets massive expansion in India

StayWell Hospitality Group is eyeing to have 250 hotels globally in the next 10 years. India is also set to contribute to this expansion and growth plan. 

Currently, StayWell is operating 75 hotels across the world with 52 owned and remaining on management and franchise contracts. The group at present operates 5 key brands, including The Prince Akatoki, Park Regis, Policy, Prince and Leisure Inn. 

Rohit Vig, Regional Managing Director (India), StayWell Hospitality Group, said, “This year, between September to December, we have about 5 openings globally.”

Presently, the group has 6 operational properties in India and 6 properties are under development.

“We have 3 Park Regis in India one each in Goa, Kumarakom and Jaipur. We already have over 10 Lesiure Inn all across the world and we have 3 hotels already operational in India one each in Jaipur, Gurgaon and Kochi. We have 6 more hotels under development under Leisure Inn and Park Regis both,” Vig stated.

Recently, StayWell launched the first ‘The Prince Akatoki’ hotel in London and the second hotel under this brand is set to unveil in Guangzhou, China, in January 2020.

Vig said, “The Prince Akatoki will come to India also in 2020 and the key target cities would be Delhi and Mumbai. This may come through a management contract or by acquisition.  If we find the right deal, the right location and the right product, we might go for acquisition.”

The group’s expansion in India will be a combination of both owned and management contracts.

“We also do investments in India through deposits called Key Money. So, for Park Regis, we are very happy to look at that route of expansion under the management contract to grow this brand quickly. We actually have 350-room hotel that we have signed the term sheet and we are looking at signing the final contract within this year which will open doors in Q1 of 2020,” he added.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Guest House / Service Apartments
    About Us: India’s fastest growing network for students Co-Living Housing. Placio is..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi 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
  • About Us: Podar Jumbo Kids is the top-most Early Childhood Center..
    Locations looking for expansion Maharastra
    Establishment year 2004
    Franchising Launch Date 2004
    Investment size Rs. 5lac - 10lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater MUMBAI Maharastra
  • Furniture/Home Decor & Furnishing
    About Us: Founded in 2010, Natural Living specialises offers a wide..
    Locations looking for expansion Karnataka
    Establishment year 2000
    Franchising Launch Date 2010
    Investment size Rs. 10lac - 20lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
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