US-based Chatwal Hotels & Resorts is to spend $200m on opening more than 50 hotels in India over the next five years.
Chatwal Hotels chairman and CEO Sant Singh Chatwal said the company will launch 40 Night hotels and 12 Dream properties in the country. The hotelier, which has given the franchise and management rights of its five-star deluxe brand Dream and four-star brand Night to Wyndham Hotel Group , will expand in India through a franchise model.
The group has acquired land for two new hotels in Jaipur and one Night hotel each for Hyderabad and Kochi; these properties will be launched over the next 18 months. Other units being planned include a Dream and a Night for Bangalore, a Dream in Goa, another Dream in Malad, and Night hotels in Raipur, Lucknow, Kanpur and Jalandhar.
Chatwal and Wyndham jointly run the 216-room Dream New York and the 72-room Night Hotel in New York, US, a 195-room Dream Hotel in Bangkok and the 151-room Dream Cochin in India. Wyndham and Chatwal will also partner with Indian-American hoteliers in the US.
"Hoteliers of Gujarati origin own and run about 40% of the properties in the US, including in prime locations in cities such as LA, San Francisco and Chicago," Chatwal said. "Second and third-generation hoteliers want to get into the lifestyle segment and their properties have a huge potential to be converted into Dream and Night brands."