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StayWell Expands into India

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StayWell Hospitality Group is expanding into India with four properties initially joining its global network.

The Indian properties joining the StayWell portfolio are currently under development to meet the operating and brand standards of the group and will be rebranded as Park Regis or Leisure Inn properties with opening dates expected from late 2012.

The properties vary in size between 70 and 102 rooms with facilities ranging from functions and banqueting space, a la carte restaurants, coffee lounges, gymnasiums and rooftop bars and swimming pools.

The new properties are located in Ghaziabad, Aurangabad, Gurgaon and Shirdi.

This is an exciting phase for StayWell Hospitality Group and we are thrilled to be entering one of the biggest emerging markets in the world. Our increased visibility attained through our growing reputation and brand presence in the Indian market will in turn increase our ability to successfully negotiate further acquisitions further fortifying our global expansion plans. Based on our current business plan, we aim to increase our portfolio in India to a total of 34 hotels, as well as close to an additional 100 properties globally, during the next 5 years, said Mr Simon Wan, CEO of StayWell.

StayWell Hospitality Groups head office is based in Sydney, Australia, with regional offices in India, Singapore, Dubai, Shanghai and Morocco, as well as global sales offices in London, Munich and Hong Kong.

This latest addition brings StayWell Hospitality Groups portfolio to 31 with further global announcements pending.

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