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Vikram Chatwal Hotels plans to operate 100 hotels in India

Tuesday, 10 Jan 2012
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Vikram Chatwal Hotels & Resorts in collaboration with the Wyndham Hotel Group is planning to operate around 100 hotels in India, by 2022.

The proposed endeavour may entail an investment of Rs 2,000 crore. While Chatwal Hotels & Resorts will manage the planned number of properties, Wyndham will provide sales and marketing support. The planned capex will be utilised by the two partners to buy equity in some of the 52 properties planned.

Of the total 52, they will operate 40 hotels under 'Night' brand and 12 properties under 'Dream' brand. Deals for 18 hotels have already been signed up with various developers. While 'Dream' is a full service luxury hotel brand, 'Night' is a mid-segment boutique hotel in the lifestyle segment. They have finalised locations such as Delhi, Jaipur (Rajasthan), Goa, Pune, Kolkata, Bangalore, Hyderabad, Ahmedabad (Gujarat), Chennai and Raipur (Chhattisgarh).

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