Hospitality Chain Country Club to Invest Rs 100 Crore in New Properties

Leading hospitality chain, Country Club India Ltd (CCIL), plans to invest around Rs 100 crore this fiscal in its latest venture — Country Club Grand Fractional Ownership Club, a top company official has said. “We will invest about Rs 100 crore in four properties in our new venture (CCGFOC). With this, we will have 55 properties in India and overseas,” the company CEO, Sidharth Y Reddy, said at the launch of its new venture, which will be operational during this year.

Country Club will also start operations of 11 more clubs this year in tier I and II cities. With over 2.25-lakh members worldwide, the BSE-listed hospitality firm has for the first time in India launched a concept that offers members fractional ownership of holiday apartments at diverse locations across the country. The four properties, under this new scheme, would be coming up at Bandipur in Mysore, Medchal near Hyderabad, Tumkur near Bangalore and Kolad near Mumbai, said Reddy.

The fractional ownership concept, which is quite popular in the West, enables a member to co-own and use a holiday home by paying a fraction of amount, Reddy added. Reddy further said that the fractional ownership card is available in three variants such as Silver, Gold and Platinum with rates ranging between Rs 3 lakh and Rs 5 lakh.

India Hotel Industry Requires 150,000 Rooms in the Next 3 years- Tourism Secretary

India needs 150,000 hotel rooms over the next three years, two-thirds of which would be rooms meant for budget hotels, as the tourism industry revives, tourism secretary told reporters on Thursday. The inbound tourist traffic “is doing very well. We have positives for January, February and March,” Sujith Banerjee told reporters on the sidelines of an industry conference in Mumbai.

He also said 70 percent of the hotel infrastructure needed for the upcoming Commonwealth Games later this year have been completed. The Games are scheduled to be held in New Delhi in October.

Ashiana to invest Rs 120cr in hospitality biz

Jaipur:

Ashiana Housing Limited is planning to invest Rs 120 crore for setting up 3 four-star category hotels in Bhiwadi, Jodhpur and Jamshedpur.

Ashiana Housing executive director Ankur Gupta informed that the realty group would be rolling out altogether 260 rooms in these hotels in next 3 years. “We are planning a 110-room hotel in Jamshedpur, 50-room in Jodhpur besides adding 50 rooms to our existing 4 star property in Bhiwadi. The cost of each room would be Rs 25-30 lakh. We would be developing about 2.5 lakh square feet area over these three boutique hotels and malls”, he said.

The company plans to develop these properties on the dual concept - a retail space which houses a boutique hotel with all fine dining, entertainment and recreational facilities and caters to business as well as retail needs of local residents. “Our strategy for the hospitality business would be to provide the business traveller with well appointed guest rooms at competitive rates, convenient to nearby businesses,” he said.

The upcoming hotels would offer recreational facilities that include Swimming Pool, Gym, Spa with steam and sauna, Badminton Court, Dinning options like a Bar, Coffee Shop and Multi-cuisine Restaurant, Banquet, Conference Halls etc.

Apart from that, the realty group is also planning to roll out Retirement Resorts in Mumbai, Chennai, Neemrana and Bangalore. “We already have three such resorts in Jaipur, Bhiwadi and Lavasa. Looking at their success, we are scouting for land in other parts of the country. We are open for joint ventures as well,” Mr.Gupta said.

The company so far has constructed 90 lakh square feet in its various housing projects at Bhiwadi, Ghaziabad, Gurgaon, Neemrana, Jaipur, Jodhpur, Greater Noida, Jamshedpur & Patna.

“We are constructing more than 11 lakh square feet area in this fiscal and plans to double it by 2012-13,” he said.

Four Seasons Hotels to have 4 new properties in India by '15

22 Mar 2010, 1342 hrs IST, PTI

NEW DELHI: Microsoft founder Bill Gates- promoted luxury hotel group Four Seasons on Monday said it will have four new properties in India within the next five years as part of its strategy to tap the resurgent hospitality sector in the country. 

The Canada-headquartered chain said it will add over a 1,000 rooms to its inventory and focus both on the leisure and business segments. 

"Our plan is to have two new hotels in Bangalore and Gurgaon and two resorts in Kerala and Jaipur by 2015. This will add over a 1,000 rooms to our inventory," Four Seasons Hotel Director (Marketing) Sanjeev Shukla said. 

He said the properties will be built under tie ups with local developers who will also invest in them, while Four Seasons will manage them and give its brand name. 

"After a slowdown of over a year and a half, the hospitality sector in India is showing an upward trend with a rise in room occupancy. We want to tap both the business and leisure segments," Shukla said. 

While the two hotels at Bangalore and Gurgaon will focus on the business segment, the resorts will cater for the leisure sector, he added. 

The group started its operations in India in 2008 and currently runs a mid-sized luxury boutique in Mumbai with 202 rooms. 

Four Seasons, promoted jointly by Microsoft founder Bill Gates and Saudi Arabia's Prince Al-Waleed bin Talal, currently operates 86 hotels across the globe.

Duet India Hotels and Starwood Hotels & Resorts Sign Deal to open Four Points by Sheraton Jaipur, City Square

PRDS/India PRwire/ - Duet India Hotels, an investor and developer of mid scale business hotels has signed an agreement with Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) to open the Four Points by SheratonJaipur City Square. The new build 115-room hotel at Jaipur has recently opened and will be managed by JHM Interstate Hotels, a joint venture between JHM Hotels and Interstate Hotels &...

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