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  1. Market Data
January 19, 2012

Parkside Hotels to make $400m investment in India

US-based hotelier Parkside Hotels and Resorts is to invest $400m in expanding its operations in India.

US-based hotelier Parkside Hotels and Resorts is to invest $400m in expanding its operations in India. Currently, Parkside operates the Parkside Zebra Inn and Suites brand at various locations in the country.

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Parkside Zebra Hotels, a division of the group, will introduce four hotel brands as well as its resort brand. The company proposes to manage 4,000 rooms by 2013 under budget hotel brand Parkside Zebra Inn, and the four/five-star Parkside Zebra Hotel, Zebra Suites, Zebra Resort and the luxury Zebra Collection. The company has 20,800 rooms worldwide, which will increase to 52,000 in 2014 with the expansion.

Parkside has already signed management contracts with seven hotels in India, and ten others are being finalised.

The group is also in negotiations to acquire three hotels in Chennai, Coimbatore and Mumbai, and hopes to complete by the end of 2012. The addition of these properties will add 600 rooms to the chain’s portfolio.

For the first two years, the company will invest $50m in the country and will raise additional funds externally for the three hotels it proposes to own.

In 2010-11, the company reported revenues of $140m and expects to reach the $300m mark in 2011-12.

Parkside Hotels and Resorts, which has operations in 30 countries, has so far signed up half a dozen properties under the Parkside Zebra Inn and Suites brand in India. The properties are in Amritsar, Dharamshala, Jaisalmer, New Delhi and Udaipur.

As a part of its Asian expansion, the company has signed up 19 hotels across Pakistan, Bangladesh, Nepal, Sri Lanka, Dubai and Malaysia.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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