Putting A Partnership To Work

Fresh after announcing an alliance with ANAROCK, Stephen Rushmore Jr, president and CEO of HVS, discloses how the two companies will jointly tap India’s burgeoning $210 billion hospitality market

- Vinita Bhatia

 It was only last year that HVS, a global hospitality consulting firm, exited the Indian market after a successful two-decade run. Manav Thadani, the person who established the company in the country and was synonymous with it, decided to part ways with it to start Hotelivate.

Now, HVS is kick-starting its second innings in the Indian hospitality domain and has tied up with real estate services firm ANAROCK Property Consultants. Together, HVS ANAROCK will focus on brokerage, feasibility studies, operator searches, appraisals, executive search and other hospitality sector consulting and advisory services throughout South Asia.

Anuj Puri, chairman, ANAROCK Property Consultants takes on the added role of chairman, hospitality at HVS AN- AROCK and the firm’s soon-to-be-appointed CEO will report to him. Shobhit Agarwal, MD and CEO, ANAROCK Capital, will head the transactions vertical at HVS ANAROCK.

Stephen Rushmore Jr, president and CEO of HVS, tells us why he is excited about this partnership and how together with ANAROCK, they are targeting a concentric outward growth into the hottest South Asian markets to increase HVS India’s revenues by up to 75% over the next two years.

What factors have emerged as an impetus for growth in the Indian hospitality business over the past couple of years?