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Sep, 04 2015

Carnation Hospitality to invest Rs 250 crore in 5 years

Recently, Carnation has also acquired rights to operate certain restaurant chains at metro stations in Delhi and railways stations at different parts of the country.

Carnation Hospitality, a wholly-owned subsidiary of consumer packaging company Rollatainers is planning to invest Rs 250 crore over the next five years.

The company is planning to expand its bouquet of food and beverage (F&B) brands including Wendy’s, Barista and its home grown brand Kylin.

Recently, Carnation has also acquired rights to operate certain restaurant chains at metro stations in Delhi.

"This space is interesting as it generates huge footfalls for the brands," said Sanjay Chhabra, MD, Carnation Hospitality. The company is also planning to open restaurants at railway stations such as Haridwar, Panipat and Mumbai Central among others.

"The investment will be funded through internal accruals and funds from the promoters," said Chhabra.

Carnation which has also acquired Barista for Rs 100 crore is also turning the coffee chain into modern cafes.

"We are refurbishing the stores to make them up to date and modern and planning to reach 550 outlets in the next three years from the current 190,”added Chhabra.

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