India: 'Hotels As A Business Vertical Are Not For The Impatient' | businessworld.in

It's intriguing to see so many real estate firms getting into hospitality services and expanding in that arena, especially as generating returns are much more difficult as compared to office space or apartments. Several realty firms, in fact, have lost value over their hotel investments. The Brigade group ventured into hospitality in June 2004 with serviced residences, and over the last ten years has expanded into lifestyle membership clubs...