These would be four-star, 100-200 room-hotels and resorts located in the main cities or holiday resorts in India, including New Delhi, Mumbai, Calcutta, Puri, Hyderabad, Bangalore and Udaipur.
The first hotels are already under construction with the rest coming on stream in the next five years and built “eco-sustainable parameters” which observe “holistic precepts and Indian tradition”, a release said.
“We are the first Italian operator of the hotel sector to enter the Indian market proving one more time our pioneer component, that has already made us invest in Egypt twenty years ago, in the Baltic Region in the ’90s and recently in Russia,” said Ernesto Preatoni, Domina Hotel Group’s Chairman.
The investments in India are with Indian real estate group, Shristi Holding.
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