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Ginger to add new hotels

Thursday, 26 Jun 2014
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Ginger, a Tata group’s no-frills budget hotel chain, is looking forward to adding more family-owned hotels to its portfolio, via franchise agreements or management contracts.


Through this plan, the company is exploring options to acquire 30-35 properties in business clusters in Mumbai and Delhi.


Ginger plans 10-12 such hotels in Delhi and 20-25 in Mumbai. Recently, the company tied up with its first partner under the franchise programme -- a hotel in Thane near Mumbai. This is in addition to the nine properties it plans to open in 2014, adding 900 rooms to its existing inventory of 2,700 rooms.


At present, it is operating 30 properties across India and has plans to expand to 80-90 properties by 2018. Moreover, the company is also planning to add another 15-16 hotels in FY15. Ginger plans to raise funds for this expansion from its private equity (PE) partner, Tata Capital.

 
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