Hotels & Resorts
There has been a substantial increase in demand for
high quality accommodation across the Indian hotel sector
due largely to increased business tourism, a decline
in airfares and greater investment in infrastructure.
We intend to develop luxury, business, upscale, mid-market
and budget hotels, as well as serviced apartments. We
also intend to enter into strategic partnerships, for
the development of our hotel projects in each of these
We recently entered into a joint venture with Best
Westernto develop and own a chain of hotels and serviced
apartments in India.
In addition to our proposed joint venture with Best Western,
we intend to enter into contracts or joint ventures
with other leading international companies for the acquisition
and development of budget and super luxury hotels as
well as serviced apartments.