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Global hospitality chain to adorn secondary cities with more hotels

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Hyatt Group official said to www.propertykhazana.com that, “Lavish hospitality chain, Hyatt Group is investing on trifling Indian cities for development in the coming 4-5 years and this was where the future rests. Presently, Hyatt is running 5 lavish hotels in India, two in Mumbai and each in Delhi, Kolkata and in Goa. Now, it will make about USD 250 Million raid into the mid-seized hotel sector in Tier II & III cities.” Company’s global head of realty and development said to the www.propertykhazana.com that, “There is a big gap between the demand and supply of hotel rooms and we witness sufficient scope for the growth, particularly in Tier II & III cities.”
Senior vice president of realty development for South Asia said to www.propertykhazana.com that, “New hotels will shortly serve the people of all major Tier 2 cities under the brand name Hyatt Place. This will supply to the higher mid-sector and the Hyatt Place was started in 2011 in a JV with the realty chief Emaar MGF. Hotels will have about 1000 hotel rooms across the 6 cities in India.” For more and latest realty information browse www.propertykhazana.com.
Source: NBTVLIVE

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