Best Western International (BWI) is planning to set up hotels in India, by 2017.
BWI intends to set up 66 new hotels in India. It is expected to raise Rs 1,600 crore from various franchisees to set up these hotels. These hotels will be opened under BWI’s three ranges of hotels - Best Western, Best Western Plus and Best Western Premier. The company is expecting an investment in the range of Rs 55-60 lakh per hotel room in the five-star hotel category, Rs 40 to 45 lakh in the four-star category and Rs 20 to 25 lakh in the three-star hotel category, excluding the price of land.