Hilton Worldwide to double presence in India this year
Hospitality chain Hilton Worldwide Tuesday said it plans to operate five new hotels in India this year and double the number of properties currently managed by the firm in the country.
New Delhi: Hospitality chain Hilton Worldwide Tuesday said it plans to operate five new hotels in India this year and double the number of properties currently managed by the firm in the country.
As a part of the expansion plan, Hilton has signed a contract with Nehru Place Hotels Ltd (NPHL) to manage its hotel located in Nehru Place, the commercial hub in South Delhi.
"With this agreement, we now manage five hotels in three key cities in India. Steadily increasing our footprint," Hilton Asia Pacific President Martin Rinck said in a statement.
"We plan to open another five properties in India this year, which will more than double our trading estate for 2011," he added.
Nehru Place Hotels Ltd will invest Rs 75 crore to renovate the property, which has already been re-branded as 'Eros Hotel-Managed by Hilton' from July 1, 2011.
The existing property was earlier managed by another global hospitality chain, the InterContinental Hotel Group (IHG), for over a decade.
"InterContinental was managing the property for the last 13-14 years. The contract with IHG expired last month and we
decided to partner with Hilton," NPHL Chairman and Managing Director Satish Sood told.
Hilton currently manages two other properties in Delhi and one each in Chennai and Mumbai and has signed up for two more properties in Delhi with NPHL, which are likely to be operational in a couple of months.
Worldwide Hilton operates more than 540 hotels in 76 countries.
Nehru Place Hotels is a part of real estate player, the Eros Group, that builds residential and commercial buildings, hotels, art cinemas and shopping malls.