US-based Carlson Rezidor Hotel Group will mark the Asia debut of its residences business in India, Indonesia, The Philippines, Sri Lanka and China. The company is in advanced stages of talks with real estate developers to open three such properties in Delhi and Bangalore.
However, the hospitality company has put a condition before developers to also construct its hotel property adjacent to the branded residence. The company hopes to enjoy the synergies of managing both the properties and enhance its presence in the market. “We can help developers get a premium for their property. The buyers would also have a great resale value. The concept has worked for us very well in Europe and we are certain it has many takers here as well,” said Simon Barlow, president (Asia-Pacific).
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