Arjun Baljee led-Peppermint Hospitality has aggregated close to 2,200 operational hotel rooms across the country with the acquisition of Bangalore-based Boutique Hotel Management & Marketing Services Ltd, which has 60 hotels in its portfolio.
The deal gives 34-year-old Arjun, the elder son of Royal Orchid Hotels founder Chender Baljee, access to standalone hotel properties that have an inventory of 30 to 60 rooms each and gives him elbow room to push Peppermint brand across multiple market segments. While the bulk of the aggregated hotel inventory is located in south India, largely in Kerala, just 12 hotels are located in the north and other parts of the country.
The Indian hospitality sector is divided among the big hotel brands and a string of individual hotels, which form around 80% of the sector's landscape.
full story
http://timesofindia.indiatimes.com/business/india-business/Royal-Orchid-scion-strikes-deal-for-2200-hotel-rooms/articleshow/42067324.cms
The deal gives 34-year-old Arjun, the elder son of Royal Orchid Hotels founder Chender Baljee, access to standalone hotel properties that have an inventory of 30 to 60 rooms each and gives him elbow room to push Peppermint brand across multiple market segments. While the bulk of the aggregated hotel inventory is located in south India, largely in Kerala, just 12 hotels are located in the north and other parts of the country.
The Indian hospitality sector is divided among the big hotel brands and a string of individual hotels, which form around 80% of the sector's landscape.
full story
http://timesofindia.indiatimes.com/business/india-business/Royal-Orchid-scion-strikes-deal-for-2200-hotel-rooms/articleshow/42067324.cms