Hilton Hotels Corporation today announced that it has signed a long-term management agreement with JMD Ltd., a leading property developer, for a Doubletree by Hilton hotel in Gurgaon, India.
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This not only marks the first Doubletree by Hilton development deal in India, it also marks the foray of JMD Ltd. into the hospitality business. The 182-room, new-build Doubletree by Hilton Gurgaon is scheduled to open in 2010 in this fast-emerging commercial hub in the National Capital Region.. Gurgaon is a prime investment destination for Information Technology and IT-enabled services and continues to develop what is becoming a leading commercial district during the next several months.
Martin Rinck, President Asia Pacific Hilton Hotels Corporation, commented, “India’s hotel market has enormous potential, due to its low penetration and the combination of a growing trend for travel and increasing socio-economic development. We believe the contemporary and relaxed style of the upscale Doubletree by Hilton brand will prove to be popular with travellers in India and from abroad.”
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source| indiaPRwire