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Wyndham Hotel
Group has signed an agreement with Royal Orchid Hotels Ltd. of Bangalore, India, to develop 10 Ramada hotels totaling
at least 1,000 rooms in the Indian states of Karnataka, Tamil Nadu, Maharashtr, Andhra Pradesh and Rajasthan.
Chender Baljee, Royal Orchid chairman, said his company would invest 5 billion Indian rupees, or about
US$100 million, to build four-star-quality Ramada hotels during the next three to four years.
Steven. A. Rudnitsky, Wyndham Hotel Group president and chief executive officer, said India represents a “significant, ongoing
opportunity” for hotel development in the Asia Pacific region.
A
recent PricewaterhouseCoopers report indicates the India market
will require up to 125,000 new hotel rooms in India during the next five years.
“With international tourism receipts of
US$5.7 billion and a record 3.9 million foreign visitors in 2005, India is critically important to our
Asia Pacific development plans,” Rudnitsky said. “The agreement with Royal Orchid Hotels enables us to accelerate the expansion of our
Ramada brand in the Indian market.”
Wyndham Hotel Group franchises Ramada,
Days and Howard Johnson hotels in India. Royal Orchid Hotels is one of the largest
lodging chains in Bangalore. The company, established in 1973, operates four hotels: Hotel Royal Orchid, Royal Orchid Central, Royal
Orchid Harsha in Bangalore and Royal Orchid Metropole in Mysore.
See
other recent news regarding:
Wyndham
Hotels, Royal
Orchid Hotels, India,
Ramada
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