In fact, a couple of years back, the company had unveiled ambitious plans in the hospitality space, including plans to open as many as 100 budget hotels in a joint venture with Accor.
This time however, the focus is not as much on the budget hotel space, as it is on the super luxury segment and is even planning to launch the prestigious Armani hotel in India.
Mohammad Ali Alabbar, chairman of Emaar Properties, said, “We are very bullish on the India market for our hospitality business and together with our partner, are in the process of identifying a viable site to launch Armani hotels.”
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