Radisson eyes SEZs in
India
Pune: International
high-end hotels and resorts chain Radisson is eying business
opportunity in the upcoming special economic zones (SEZs) and
townships to set up properties in India.
K.B. Kachru, executive
director at RHW Hotel Management Services Limited, said on Wednesday
that the company is in various stages of talks with real estate
developers for nearly 22 new properties. The company currently
manages 24 hotels under its various brands including 9 Radisson
properties.
RHW is the joint venture
between global hospitality group Carlson and a clutch of Indian
investors. The company manages hotel brands such as Radisson,
Regent, Country Inn, Park Piazza and Park Inn around the world.
Kachru said the company plans to be present in each segment of the
hospitality business though Radisson will focus on leisure,
MICE (meetings-incentives-conference-entertainment)and wellness as
its main offering.
Kachru was talking to media
on the eve of announcement of the company's latest Radisson
property —the Radisson Resort & Spa, at Alibaug, Raigad
District some 100 km away from Pune. The property has been developed
by Pune based Sahil Resorts and Spa pvt limited which also owns a
resort at Lonavala.
The Radisson Alibaug has 144
rooms comprising luxury rooms, villas and suites priced at Rs
15,000 to Rs 45,000 per night. Sahil Resorts chairman and
managing director Vinay Phadnis said the company has invested
upwards of Rs 125 crore to develop the property. Phadnis said the
company expects the property to break even over a five-year
term, tnn