StayWell to have 18 new hotels by 2015

Australia based StayWell Hospitality Group is expanding inIndia and plans to have 18 new hotels in the country by the end of 2015. The company, which operates under two hotel brands Park Regis and Leisure Inn, said it would add over 1,500 rooms by 2015.

“We would have 18 hotels with a room capacity of over 1,500 by the end of 2015,” StayWell Hospitality India Managing Director Rohit Vig told PTI.  He further added that 12 would be under Leisure Inn brand and the rest 6 would be under Park Regis brand. The company, which is very soon going to have new hotels in Delhi and Ahmadabad, is also planning to add 50 more hotels by the end of 2020.

“We are planning to have 50 hotels by 2020. We are planning to expand in Tier 2 cities as Raipur where the big brand hotels are not present,” Vig said on the sidelines of the launch of its new 60-room property – Hotel Leisure Inn, West Gurgaon.  

As a strategy, the company is entering into franchise agreement only in brown-field projects, where the hotel has started its operation or where the construction has been started, for its speedy growth. “We are planning for four hotels in the NCR region alone,” he said. It is also coming with two service apartments this year at — Greater Noida and Sohna Road in Gurgaon — and may increase its count.
Read the full report here, Business Standard


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