Indian Hotels Company's upscale brand Gateway Hotels & Resorts today said it is looking at opening up to 28 new properties in next three years as part of expansion plans.
"Currently there are 22 Gateway properties across India. We have four more launches scheduled for this year and six in the coming year.We aim to reach a target of 45-50 hotels in the next three years," Gateway Hotels & Resorts Chief Operating Officer Prabhat Verma told PTI. Tata's IHCL also plans to soon open properties under the Gateway brand in Chennai, Kolkata, Raipur and Hyderabad. Gateway Hotels & Resorts are full service upscale hotels and resorts that are currently located in twenty one cities and holiday destinations.
On being asked the model the company intends to follow for further expansion of the brand, Verma said: "We are open to exploring all forms of growth. The upcoming properties will be a combination of management contract and joint ventures." He, however, did not share the financial details of the expansion plan.
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