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December 13, 2010

Keys to Open 15 Properties in India

Keys Hotels will open 15 properties in India over the next three years with a total investment of Rs5.5bn ($118m). New York-based Berggruen Hotels, the owner of Keys, plans to launch the hotels in Indian metro and tier-II cities. Berggruen has so far invested Rs3bn ($64.8m)

By cms admin

Keys Hotels will open 15 properties in India over the next three years with a total investment of Rs5.5bn ($118m).

New York-based Berggruen Hotels, the owner of Keys, plans to launch the hotels in Indian metro and tier-II cities.

Berggruen has so far invested Rs3bn ($64.8m) comprising Rs2bn ($43m) as equity and Rs1bn ($21.6m) in debt, according to businessstandard.com.

The hotel group will also open a property in Pimpri comprising 102 rooms and 40 service apartments. The property is to be operational by December 2011.

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