Choice Hotels to invest Rs 1,500 crore On properties
Choice Hotels is planning to invest Rs 1,500 crore over the next two years to double the number of its hotels from the present 25 to 50 across India. The company has already started construction of 21 more hotels and has tied up with Amrapali Group for three hotels, Mittal Group for two, Asterix Group for two and Sabri Group for developing four hotels. The new properties are to come up in New Delhi, Amritsar, Hyderabad, Pune, Chandigarh, Manesar, Gurgaon, Goa, Bangalore, Chennai, Ludhiana, Noida and Bathinda.
The Group, which has around 5,500 hotels around the world under ten brands, has 25 in India under the brands ‘Sleep In’ (accommodation based three-star), ‘Comfort’ (restaurant-cum-accommodation three-star), ‘Quality’ (full service four-star) and ‘Clarion’ (entry level five-star). Currently, it has an inventory of 2,000 rooms and plans to add 1,800 more in the new hotels.
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