Orchid Group of Hotels to invest Rs 1,000 crore for setting-up seven properties

November 27th, 2007

The Orchid Group of Hotels is planning to invest over Rs 1,000 crore to set-up seven five-star category hotels in India. The properties will come up in the next 18 months in Tier I cities like Bangalore, Chennai, Jaipur and Kolkata among others. “The Group has essentially been into management contract business with few completely-owned properties. We are now looking at adding nearly 2,000 rooms in the completely-owned category across seven locations in India,” said Pushpinder Kumar, Chief Executive Officer, Orchid Group of Hotels.

The Group has also signed management contracts for 10 hotels, which will come up across the country by 2009. It is also slated to launch a 140-room property under a new luxury boutique hotel brand, ‘O Hotels’, in Pune in early 2008. Having an international foray on its charts, it recently acquired one site each in China and South Africa for setting-up hotels. Source: travelbizmonitor