International hospitality major Wyndham Hotel Group has entered into a partnership with Ahmedabad-based Unique Mercantile to develop 35 hotels in India under Howard Johnson brand in the next five years.
Greenland Hospitality the real estate company of National Capital Region (NCR) has announced the official launch of their first hotel in the NCR, Gurgaon.
Aerens Gold Souk International Ltd (AGIL), a part of diversified business group Gold Souk, has entered into a franchise agreement with the US-based hospitality giant Wyndham Hotel Group to operate four hotels.
The operational inexperience of the developers’ is also being sewn up through strategic tie-ups with the majors in the hotel industry. An improving economic scenario and demand for more hotel rooms across categories is persuading international hotel chains to sign new management contracts with Indian developers and property owners, according to analysts. The industry will witness the announcement of a number of new hotels in the year ahead.
Saffron Group, the Delhi-NCR based real estate group, which has recently forayed into hotel business by launching the maiden hotel property – Comfort Inn Saffron Kiran at Faridabad, NCR, plans to make more investments in the hospitality sector primarily in Northern India.