ShriGo Hotels, an Indian firm that owns and manages hotels across the globe, is set to open five new hotels in northern India next year, reported Economic Times (ET).
The properties, which will be situated in Uttar Pradesh (UP) and Madhya Pradesh (MP), are currently under development, according to ShriGo Hotels & Resorts founder Nandlal Agarwal.
Out of the total properties, two hotels as well as one resort and one 4-star hotel will be located in Varanasi, UP, while one hotel each in Chitrakoot, Bandhavgarh and Kheoni, will be situated in MP.
In 2015, ShriGo Hotels forayed into hotel business and currently operates two hotels in Mughalsarai in UP.
The firm also looks after more than 40 hotels across India along with one hotel in Pattaya, Thailand.
Agarwal was quoted by the publication as saying: “Our core business is commercial and residential real estate and our entry into the hotel business was quite accidental.
“However, as a group, we believe that if you have the right people in place, you can venture into any business and become successful.”
ShriGo Hotels, which began hotel management activities in 2020, currently operates its 5-star hotels under the brand name of ShriGo, mid-market range under Spring Sky and economy range of hotels under the name of Purple Pearl.
Agarwal said: “Our intention is to grow geographically exponentially.
“Therefore, we intentionally develop smaller hotels with an average inventory of 40 rooms.”
He added: “As a self-funded hotel company, if we go for larger inventory development, our growth will be limited.”
Recently, ShriGo Hotels reached a deal for its first property in Blackpool, a sea-side resort situated in the UK, revealed Agarwal.
The hotel, which is equipped with 28 rooms, is set to be launched by the first quarter of next year.