Chatwal Plans To Open 52 Hotels In Next Five Years

US-based hospitality major Hampshire Hotels and Resorts promoted by Indian American entrepreneur Sant Chatwal plans to launch 52 hotels in India in the next five years, under the Dream and Night brands.About 40 Night Hotels, a luxurious lifestyle brand, and 12 Dream Hotels, a boutique hotel targeting the business traveller,would come up in places like Goa, Chennai, Delhi, Mumbai, Bangalore,Jaipur, Udaipur, Hyderabad and Kolkata. The hotels, brainchild of Chatwal’s son Vikram, would be managed by one of the world’s largest chain of hotels, the Wyndham Group. “We would like to give more options for the 70 million Indians that travel within the country. Our aim is to be the largest boutique hotel company in the world in the next 10 years,” said Vikram Chatwal.Chatwal company would invest `2,000 crore in these ventures —many of which would be operated on a franchisee basis.”We have already signed 18 deals for both Dream and Night hotels. Most of them would be on the franchising and management model,” said Sant Chatwal, chairman and CEO of Hampshire Hotels and Resorts.

 

Source – Property Observer

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