37,000 hotel rooms to be added in the next three years in India
By Vipin Agnihotri
According to my estimate, around 37,000 hotel rooms will be added in the next three years in India.
First and foremost, Best Western will establish 100 hotels and 10,000 rooms under its umbrella in India.
Berggruen Hotels has already announced $100 million investment to set up 38 hotels in India.
Hilton is going to invest $143 million to set up 70 hotels in association with DLF.
Details of Hilton in association with DLF-
Category: Mid-market, 5 star and luxury
Planned properties: 70
Key locations: Delhi, Kolkata, Bhubaneswar, Bangalore, Mumbai, Mysore, Hyderabad
Investment: $550 million (Rs 2,255 crore) by DLF and $143 million (Rs 586.3 crore) by Hilton (in phase one)
Marriott, Carlson, Ritz Carlton and Country Inn in association with Unitech-
Category: 4 star, 5 star and luxury
Planned properties: 28 hotels offering 5,000 rooms by 2012
Key locations: Gurgaon, Kolkata, Noida, Chandigarh, Hyderabad
Investment: Rs 8,000-9,000 crore
Best Western
Category: 3 and 4 star
Planned properties: 100 hotels within next 10 years with 10,000 rooms
Key locations: Moradabad, Jaisalmer, Hyderabad, Rameshwaram, Ooty, Bhubaneswar
Investment: $1.2 billion (Rs 4,920 crore) by its master franchisee in India, Cabana Hotels
Dusit Thani Hotels in association with Bird Hospitality Services-
Category: 4 and 5 star
Planned properties: Six, first three by 2010 and remaining by 2013
Key locations: Delhi, Goa, Rishikesh, Pune, Amritsar, Jaipur
Investment: $200 million (Rs 820 crore)
Keys Hotels from Berggruen Holdings
Category: Budget and mid-market
Planned properties: 38 hotels and resorts by 2012, 4,200 rooms
Key locations: Bangalore, Kolkata, Ludhiana, Thiruvananthapuram
Investment: $100 million (Rs 410 crore)
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