StayWell Signs 3 Leisure Inn Hotels in India

StayWell Hospitality Group has expanded its portfolio of hotels in India with three additional properties joining its network.

The properties are currently under development in various key areas of India and will be launched under StayWell’s Leisure Inn brand with opening dates expected from mid 2013.

The new properties comprise an 82 room hotel located in the city centre of Hyderabad which is scheduled to open in May 2013, a 192 room serviced apartment hotel in Greater Noida scheduled to open by early 2014, and a 99 room property located in Raipur which is part of the largest retail mall in the region and is expected to open in 2014.

The expansion into India complements StayWell’s growth in Southern Asia and China as well as leveraging off its established Leisure Inn and Park Regis properties in Australia, Singapore, Dubai and the UK.

Mr Simon Wan, CEO of StayWell, said, “We are thrilled to further expand our portfolio into one of the biggest emerging markets in the world. Our growing reputation and brand presence in India will place us well for further property developments in the region – of which we currently have four more deals in Jaipur, Goa, Mumbai and NCR nearing finalisation. Based on our current business plan, we aim to increase our portfolio in India to a total of 25 hotels by the end of 2014 and 50 hotels by 2016.”

Mr Rohit Vig, Managing Director for India, said, “India has a growing annual travelling population of 650 million travellers and one of the largest growing middle class in the world, meaning opportunities for accommodation providers are very apparent. The growth of domestic leisure and business travel and increasing capacities provide unprecedented travel opportunities within India, further creating high demand, with at present, low supply. StayWell offers recognised brands in the 3 and 4-star hotel space with established systems and hotel networks; something that is lacking in the Indian market.”

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