StayWell gathers India momentum

StayWell gathers India momentum
By admin

StayWell Hospitality Group is forging ahead with its Indian expansion plans, with the addition of three properties on the subcontinent to its growing portfolio.

The Australia-based firm will debut its four-star Park Regis brand in India with the opening of a 94-room property in Goa in late 2013. In addition, a 122-room hotel on the outskirts of Mumbai and a 52-room property in Jaipur will come on board under the Leisure Inn moniker in the middle of the year.

The additional three properties take the firm's Indian portfolio to six, following the announcement of three properties in Hyderabad, Raipur and Greater Noida in December.

However, chief executive Simon Wan said the tally is "just the tip" of StayWell's expansion plans in the region.

"Six properties announced in such close succession represent the speed in which StayWell is gaining ground in this market," he said. "In addition, we have other deals in India nearing completion, including the high probability of further properties in Chandigarh, Indore and Pune."

The firm is targeting 25 hotels in India by the end of 2014 and 50 hotels by 2016.

Managing director for India, Rohit Vig, added that, of the 50 hotels targeted, 60% will fall under the Park Regis brand with the remainder to be Leisure Inns.


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