The Indian Hotels Company Limited (IHCL) will boost the Gateway Hotels portfolio in India.
The group will open 19 new properties under The Gateway Hotels and Resorts brand in the next four years.
The company, which currently has around 2,200 rooms under the Gateway portfolio, will thereby add another 2,000 rooms to its present strength.
“We will be opening 19 new hotels under the Gateway brand by FY2017 across the country, taking the total tally of hotels under the brand to 42,” Prabhat Verma, chief operating officer of The Gateway Hotels and Resorts told the PTI.
The new hotels will come up at Kolkata, Raipur, Pune, Hyderabad, NCR, Corbett Park, Bengaluru and Gondia in Maharashtra, among others.
When asked about investments, Verma said, he did not share a specific figure citing it would depend on the business model followed for the new properties proposed to be added.
“We are taking multiple approaches for these hotels. The upcoming properties will be a combination of management contract and joint ventures. The company is also open to investments as and when required,” Verma said.
Comments are closed.