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American hotel chain plans to hit 100-hotel mark in India by 2015
Last Updated(Beijing Time):2012-10-11 12:25

American hotel company Carlson Rezidor India is increasing focus on growing its presence through management contracts and plans to touch the 100-hotel mark by 2015, a company official said Thursday.

The company entered the country with franchisee agreements. After forming a partnership with real estate company Bestech Group to expand its mid-market brand Park Inn, it is next looking for opportunities to invest in the Radisson brand.

KB Kachru Executive Vice-President for South Asia, Carlson Rezidor, said"We are assessing investment opportunities for the Radisson brand."

Regarding new acquisitions, he said"Now, one could say there are opportunities in India with several under construction hotels being on the block and one could see transactions happening in the hotel sector."

This year, the company plans to open 14 hotels across all its brands."We have already opened seven hotels and plan to open an additional seven in the next four months,"he said. "Currently we have 56 hotels in operations with an additional 43 in our pipeline," Kachru added.

In April, Carlson Rezidor signed a strategic partnership with Bestech Group giving it exclusive development rights to develop about 49 Park Inn Hotels in north and central India by 2024 and Carlson Rezidor will initially invest 2,130 million Rupees in the first two projects in north India. "While occupancies are expected to be stable, average room rates as well as revenue earned per available room will be under pressure this winter,"he added.

The company operates brands such as Radisson Blu, Radisson, Park Inn, Park Plaza as well as Country Inn & Suites in the country. The company revamped its top-end brand Radisson some time back. While Radisson Blu is positioned in the upper upscale segment, Radisson is positioned in the upscale segment making it a two tier brand.

Source:Xinhua 
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