Larry Cuculic, president and CEO of the company, told Mint that while the company has been around for about two decades here, now is a good time to expand their presence. It has 19 brands in the world but only five of those are in India.
For this, its master franchisee for the region, Delhi-based Sorrel Hospitality, will focus on strengthening its presence in other regions like Bangladesh, and Sri Lanka as well and is likely to have a total of 51 hotels by the end of 2024, spanning 3,000 rooms when the pipeline becomes operational. All these hotels have been signed in these three markets. Of this, six more hotels will be added to the India market.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Aamir still keen on Gulshan Kumar biopic despite delays, says Bhushan Kumar
Aamir sir always tells me, 'It's the best script I've ever read in recent times, jo mujhe karni hi karni hai.
Blackstone eyes 20% stake in Haldiram's for $8 bn
Blackstone has dropped plans to acquire a majority stake in the snacks business of India's Haldiram's but is now discussing purchase of a 20% stake at a valuation of $8 billion, which is still a sticking point, sources told Reuters on Thursday.
INDIA'S ECONOMY IS WITHSTANDING GLOBAL RISKS: DAS
The Indian economy is \"sailing through smoothly,\" even as global growth faces accelerating risks ranging from geopolitical tensions to climate change, according to the country's central bank governor.
Kane irked by England Nations League pull outs
Harry Kane says he is disappointed by the high number of withdrawals from the England squad this week, insisting the national team must come first.
CARLSEN TAKES SOLE LEAD AFTER WINNING SPREE IN TATA CHESS INDIA
Round 5 of Rapid category began with handshakes around the tables and the supervisors asking the live audience to put their phones on silent mode.
Ministry objects to ex-office bearer becoming TTFI CEO
SPORTS MINISTRY IN A CIRCULAR TO NSFS AND IOA IN 2022, SAID THAT INELIGIBLE OFFICE BEARERS RETURNING AS CEO OF FEDERATION IS AGAINST THE SPIRIT OF THE GUIDELINES OF THE SPORTS CODE.
Necklace linked to Marie Antoinette sells for $4.8mn
A diamond-studded necklace thought to be linked to a scandal that hastened the downfall of the doomed 18th century queen of France, Marie Antoinette, sold at auction, in Geneva, on Wednesday, for 4.26 million Swiss francs ($4.81 million).
₹$6.7tn climate funding needed yearly by '30'
Global climate investment needs are projected to reach $6.3-6.7 trillion annually by 2030, with emerging economies requiring nearly half the funding, according to a new report by the Independent High-Level Expert Group on Climate Finance, which called on the ongoing climate conference to deliver on a commitment to deliver at least a trillion dollars every year by 2030.
Support for Ukraine is key to US security, Biden urges Trump
President Joe Biden told President-elect Donald Trump that supporting Ukraine was crucial for American national security, underlining that a strong Europe capable of deterring aggressors would prevent the US from being pulled into continental conflicts, national security adviser Jake Sullivan said.
Speaking to the State for citizens
The Supreme Court's order on demolitions is a welcome reminder to the executive to function as a custodian of constitutional values