AB Hotels-promoted The Radisson Delhi is investing around Rs 800 crore over the next four years for opening eight more hotels in the country under the brands of Radisson, Park Plaza and Country Inn.Subscribe to The Hospitality Knowledge & Career E-Mag |www.hospemag.com by Email
“At present, we are operating two of the Radisson hotels in India in New Delhi and Varanasi. We have now plans for eight new hotels under Carlson Group’s Radisson, Park Plaza and Country Inn brands at an investment of Rs 800 crore,” said R Kapur, MD, Radisson Hotel Delhi.
Kapur said the new hotels would come up at Bhubaneshwar, Chilka Lake, Hyderabad, Konark, Puri, Paradip, Vishakhapatnam, and Kakinada and the investment would come from the company’s internal accrual and debt.
“We have presently an inventory of 400 rooms in our two existing hotels. With the new hotels in place, our inventory would reach a figure of 1,000,” Kapur added.
The hotels at Bhubaneshwar, Hyderabad and Kakinada would come under the Radisson brand (5-star) and the other five would be of Park Plaza (mid-premium) and Country Inn (mid-economy) brands.
The company is also undertaking a Rs 100 crore renovation of the existing Radisson in New Delhi and repositioning it in the 5star deluxe segment as ‘Radisson Plaza’.
“We have already completed the first phase of work at Rs 40 crore, including construction of a 20,000 sq ft spa, renovation of 40 rooms and three restaurants at our New Delhi hotel. Another Rs 60 crore would be used for renovating rest of the property before next year’s Commonwealth Games,” Kapur said.
AB Hotels, under its parent Omak Investment Company, owns two of the Radisson brands hotels in India, the company is also responsible for the management, marketing and project consultations for the other seven franchise-operated Radisson hotels.
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source| property plus