StayWell Hospitality Group Announces Three New Properties in India
StayWell Hospitality Group (StayWell) has today announced the latest in its global expansion plans with three additional properties inIndiajoining its network. The properties are currently under development in various key areas ofIndiaand 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 ofHyderabadwhich is proposed to open inMay 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 intoIndiacomplements StayWell's growth inSouthern AsiaandChinaas well as leveraging off its established Leisure Inn andPark Regisproperties inAustralia,Singapore,Dubaiand the UK.
MrSimon Wan, CEO of StayWell has commented that the group's Indian expansion has been a work in progress for some time with the latest announcements being a well timed fit with StayWell's growth strategies.
"We are thrilled to further expand our portfolio into one of the biggest emerging markets in the world. Our growing reputation and brand presence inIndiawill place us well for further property developments in the region - of which we currently have four more deals in Jaipur,Goa,Mumbaiand NCR nearing finalisation. Based on our current business plan, we aim to increase our portfolio inIndiato a total of 25 hotels by the end of 2014 and 50 hotels by 2016," he said.
MrRohit Vig, Managing Director forIndia, has stated that the country is a high growth accommodation market, particularly for mid to upper scale hotel products.
"Indiahas 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 withinIndia, 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," he said.
This latest addition brings StayWell Hospitality Group's portfolio to 35 including the further upcoming announcement of properties launching inBali,Kuala LumpurandShanghai.
StayWell Hospitality Group's head office is based inSydney, Australia, with regional offices inIndia,Singapore,DubaiandShanghai, as well as global sales offices inLondon,MunichandHong Kong.
About StayWell
Based in Sydney Australia, StayWell Hospitality Group operates two high profile hotel brands - Park Regis and Leisure Inn. StayWell has a growing international hotel network now numbering 32 properties across Australia, Singapore, Indonesia, India, the United Kingdom, and United Arab Emirates. The company is privately owned by three stakeholders - Simon Wan (CEO and Managing Director), Richard Doyle (Executive Director and Corporate Counsel), and Bal Sohal (Non-Executive Director). StayWell has a defined strategy to grow its portfolio within three years to a network of more than 100 hotels across Australia, South East Asia, India, China and Europe.