Indian real estate majors in hospitality sector at FinGad.com

Vote

Indian real estate majors in hospitality sector

Categorie: Emerging Markets
Submitted 4 months ago by

Drdutta

By 2015, if all goes as planned, Indian real estate majors – DLF, Emaar and Unitech – will have more hotel rooms than the established hoteliers.DLF Ltd, the country’s largest real estate company by market cap, had just announced a $400 million deal to take over Aman Resorts, a chain of 22 luxury hotels and spas spread across 12 countries. Clearly, DLF is a serious player, given that it plans to spend $5 billion to build 125 hotel properties with 25,000 rooms over a seven-year period.DLF is not the only real estate player in a hurry to build hotels in the country. EmaarMGF has lined up nearly Rs 12,000 crore to build 26,000 hotel rooms in the next 10 years, having already tied up with a host of international players to manage and operate these hotels. They include haute couture Armani Hotels, Marriott International, Premier Inn, Accor, Four Seasons, Hyatt Group and InterContinental Hotels Group.... More...

[ 0 Comments | Send To A Friend | Bookmark Review ]

0 comments ↓

Please Login or Register to comment