The Gateway Hotels, part of Taj Hotels and Resorts, is planning to start 10 new hotels across the country in the next two years. Of the 10 hotels planned, the company expects to begin operations of 3 new hotels by the end of the current fiscal.
Presently, the Gateway operates around 22 hotels across the country which are legacy properties.
The 10 new hotels are part of the company’s 20 new hotels which are under construction. The new hotels which are coming up in smaller cities like Hubli, Tirupati, Gangtok, Himalayas among others would have a room capacity of about 150-175 rooms per hotel. The Gateway Hotels & Resorts, chief operating officer, PK Mohankumar, did not disclose the investment the company is making for the new hotel projects. The group is also planning to start hotels at around 100 locations that have airport connectivity. The company official said, in a report by Business Standard, it would follow a trinity model wherein the asset owner, brand manager and the the parent company (IHCL) would be the stakeholders.
Source