Hotline: 1800 102 2007
X
Search Business Opportunities
Sep, 17 2014

Wine-maker Grover Zampa to invest Rs 100 crore in hotel business

India\'s second largest wine manufacturer will build a 100 room five star hotel in Nashik, Maharashtra.

Grover Zampa, the second largest wine manufacturer in the country is planning to invest Rs 100 crore to set up hotel in Nashik, Maharshtra, as reported by Business Line.

The company is planning to build a 100 room five-star property. “A few international hospitality chains have already shown interest in operating the hotel,” said Sumedh Singh Mandla, CEO, to Business Line.

The company is also planning to open another hotel near Bangalore.

Grover Zampa sells about 1.5 lakh cases of wine. The total size of the market is about 20 lakh cases a year. But 70 per cent of Grover Zampa’s sales come from the premium category, and the company is expected to turn profitable this year.

The company has also tied up with former tennis ace Vijay Amritraj, who has invested in developing a wine brand named after him.

Mandla said the next 2-3 years will be crucial for the company as it will launch several products in the premium category. It will also expand into six more states and as many countries during this period. The company also expects to make sparkling wine from its Bangalore vineyard this year.

Comment
image
Related opportunities
  • Juices / Smoothies / Dairy parlors
    About Us: Founded in 2016 and now stand with more than..
    Locations looking for expansion Telangana
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Hyderabad Telangana
  • Quick Service Restaurants
    MR & MRS IDLY - a QSR business model for..
    Locations looking for expansion Tamil Nadu
    Establishment year 2007
    Franchising Launch Date 2008
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Chennai Tamil Nadu
  • Casual dine Restaurants
    About Us: “PASTOVILLA" aspires to expand its presence in the vegetarian..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 700
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • AIITA - Pioneer in IT Education & Training brings you..
    Locations looking for expansion Madhya Pradesh
    Establishment year 2007
    Franchising Launch Date 2007
    Investment size Rs. 10000 - 50 K
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Indore Madhya Pradesh
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities