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Sarovar Hotels and Resorts to add 20 properties across India in 2010
January 20, 2010


Sarovar Hotels and Resorts to add 20 properties across India in 2010


Plans to manage six Pilgrim Hotels in collaboration with an African company

http://www.hospitalitybizindia.com/detailNews.aspx?aid=7260&sid=41

20 January 2010


P Krishna Kumar, New Delhi:

After launching its premium business hotel Optus Sarovar Premiere in Gurgaon recently, Anil Madhok, Managing Director, Sarovar Hotels mentioned that Sarovar Hotels and Resorts will add 20 properties across India in 2010.  This will include six new hotels in Delhi and National Capital Region (NCR).  The 80-room Optus Sarovar Premiere with 72 deluxe rooms and eight premier rooms is the third Sarovar Premiere hotel to become operational in the country, and 41st hotel to join the Sarovar Group.

Talking about the expansion plans, Madhok said, “Apart from 41 hotels which are operational, an additional 35 Sarovar Hotels are in various stages of development.  We hope to cross the half-century mark mid-way 2010. The new properties will be spread across India, especially in places like Bengaluru, Hyderabad, Chandigarh, Corbett National Park, Kochi, etc.”  Speaking specifically about NCR, he informed that the Group will open new properties in Faridabad (Haryana), Hari Nagar, Green Park and Shahdara (Delhi), and Vaishali (UP). “We will have approximately 1,000 rooms across 11 properties in NCR before Commonwealth Games 2010,” added Madhok. 

When asked about the investment plans, Madhok stated that the company will invest around Rs 100 crore in the next 18 months in its ‘own’ properties, which are coming up at Chandigarh, Roorkee (Uttarakhand) and Sriperumbadur (Tamil Nadu). 

In another development, Sarovar Hotels has tied up with an African Hospitality group to manage their six pilgrim hotels in India, which the later plans to develop in the next five years.  “They have committed six hotels in the next five years.  They have already acquired land at two locations. Pilgrim hotels will be a new segment in India and have huge potential in at least 16 such locations,” added Madhok.  However, he did not divulge the name of the African partner.

Speaking about the slowdown and the impact on Sarovar Hotels, Madhok opined that the leisure sector was not much impacted by the slowdown. Except for Jaipur and Jodhpur Sarovar Hotels did not experience any impact of slowdown on its leisure properties.