Chatwal hotels & resorts to invest $200 million in India over next 5 years

Last updated : February 10, 2012 15:29 IST
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New York-based Chatwal Hotels & Resorts LLC will invest $200 million in India to open more than 50 hotels over the next five years, chairman and chief executive officer, Sant Singh Chatwal, said.

Chatwal Hotels, which has given the franchise and management rights of its 5-star deluxe brand Dream and 4-star brand Night to Wyndham Hotel Group, plans to expand them in India through the franchise model and develop them with the help of local partners.

"We will launch around 40 Night hotels and 12 Dream properties in India over the next five years, involving a capital expenditure of over $200 million," Chatwal.

Chatwal, who is also chairman and CEO of Hampshire Hotels & Resorts, the management arm of Chatwal Hotels, is in India to explore the market. Chatwal and the Wyndham Group jointly run the 216-room Dream New York in midtown Manhattan, the 72-room Night Hotel also in Manhattan, a 195-room Dream Hotel in Bangkok and the 151-room Dream Cochin.

 

 

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