Roots Corporation, a wholly-owned subsidiary of Indian Hotels CompanyBSE -1.64 % that operates Ginger Hotel, said today that it plans to set up around 80 hotels across the country under the brand, in four years.
"We now have 26 properties under Ginger Hotels with around 2,600 rooms. We plan to take the total number of hotels under the Ginger brand to about 80 all over India, in four years," Roots Corporation Chief Executive Officer and Director Prabhat Pani told reporters here at the launch of a Ginger Hotel here at an investment of Rs 13.5 crore.
"This property, which is under 30 years lease tenure, is a small step in strengthening our presence in the commercial capital of the country," Pani said.
At present, the company has seven properties under various stages of construction in Amritsar, Jaipur, Noida, Greater Noida, Chandigarh and Bangalore.
"We expect all these seven hotels to be operational in 12 to 18 months. We plan to spend about Rs 60 crore on them," he said.
Of these seven properties, two are under contract management and the rest are either leased or owned, he said.