Hotel management group Sarovar Hotels today said it would launch 25 new properties in the next two years across the country even as it finds hospitality sector to grow at a lesser rate of 7-10 per cent in 2012-13.
"We will be launching 25 new hotel projects under our brands like Sarovar Premiere,
Portico, Park Plaza in various parts of the country," Company's Executive Director Ajay K Bakaya said here today on the sidelines of launching of Park Plaza hotel. Sarovar manages and franchises 58 operational hotels under its various brands across 40 cities and a total 27 hotels are at various stages of development in various parts of the country. "We will be opening hotels in several parts including Jalandhar, Ajmer, Chennai, Zirakpur, Delhi, Kerala, Bangalore among other cities," he said, adding, "last year, we launched 11 hotel properties in the country." Sarovar Hotels is aiming at 25 per cent growth in its fee income from hotel business which stood at Rs 60 crore in 2011-12.
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Portico, Park Plaza in various parts of the country," Company's Executive Director Ajay K Bakaya said here today on the sidelines of launching of Park Plaza hotel. Sarovar manages and franchises 58 operational hotels under its various brands across 40 cities and a total 27 hotels are at various stages of development in various parts of the country. "We will be opening hotels in several parts including Jalandhar, Ajmer, Chennai, Zirakpur, Delhi, Kerala, Bangalore among other cities," he said, adding, "last year, we launched 11 hotel properties in the country." Sarovar Hotels is aiming at 25 per cent growth in its fee income from hotel business which stood at Rs 60 crore in 2011-12.
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