Concept Hospitality will manage 15 more hotels in India by 2012-13 under its brand The Fern. Currently, the company is managing 13 hotels, falling under five-star, four-star and resort categories, with over 1,207 rooms across India out of which 650 rooms are under The Fern brand. The Group is targeting 67 per cent growth in revenue this fiscal at Rs 200 crore. The company is also looking to mark its presence in the overseas market and is in talks with three developers in Bangladesh, South Africa and Tanzania for managing the properties.
Param Kannampilly, CMD Concept Hospitality Group said, “We have signed contracts to manage 15 more hotels across the country, with 600 rooms to be operational under The Fern brand by 2012-13. The brand owned by us specialises in environmentally-sensitive hotels. Concept Hospitality, which is present across all metro cities, is now expanding more in Tier-II an Tier-III cities where there are more opportunities. The company which posted Rs 120-crore revenue in 2010-11 is well on track to achieve its target of Rs 200 crore in the current financial year.”
According to the company release, Concept Hospitality wants to focus on managing properties instead of owning them. “We don't plan to own any properties. We will continue to focus on managing properties. We are in talks with three developers for managing their properties. In Bangladesh, talks are on for joint ventures,” Kannampilly said.
Source
Commis II Indian - Jobs in India
Source
Commis II Indian - Jobs in India