Premier pushes into India
NEW DELHI – UK hotel chain Premier Inn is planning to open about 80 hotels in India in the next 10 years.
Premier will build 3-star hotels at various locations in the country with a combined capacity of 9,700 rooms.
“We have planned 18 hotels in the first five years and 80 in 10 years,†said Premier Inn India managing director, Aly Shariff.
He said the company has formed a joint venture with real estate player Emaar MGF, which will bring in the initial investment.
Emaar MGF is a joint venture between MGF Developments Limited and Emaar Properties of Dubai.
“Our JV partner will bring in the investment initially, however, we will raise money through debt later,” Shariff said.
The hotel chain would begin development in the major metro areas and later expand to cover leisure destinations.
Ian Jarrett
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.































Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent
Strike action set to cause travel chaos at Brussels airports
All eyes on Qatar as Qatar Airways leads a season of global events