News: Golden Tulip hotels to bloom in 40 Indian cities
(TNN 18/05/2006) Mumbai - Dutch hotel major Golden Tulip Hospitality Group will soon set up its Golden Tulip brand of hotels in the country. Golden Tulip Southern Asia (GTSA), a joint venture between Golden Tulip Hospitality Group and US-based Leyland Group, will set up 50 hotels across 40 cities in the region.
“We are already in the process of talking to people in the country, both landholders as well as hoteliers,” says Vimal J Singh, managing director, Golden Tulip Southern Asia. For their South Asian venture, GTSA will invest nearly $150-200 million, mostly through their internal resources.
Over the next four-five years, GTSA will develop properties in metro cities, particularly Mumbai, Bangalore and Pune. The group is also looking closely at developing properties in cities like Jalandhar, Ludhiana and other tier-II towns. Mr Singh also indicated that GTSA would also be looking at management contracts or franchise agreements with owners of existing properties, or properties that are currently in the construction or planning stage. Mr Singh said three brands of Golden Tulip will be set up in India — the Golden Tulip Hotels, which is a 4-5 star offering, the Tulip Inn, a 3-star offering, and Tulip Suites, 2-star suites targeted at extended stay. The focus will be in the middle-range of hotels, especially in the budget sector.
According to Mr Singh, “We believe that the budget segment is under represented in India. Our targets will be local businessmen and also domestic travellers who don’t want 5-star facilities.” The hotels would have 250-300 rooms on an average in large cities, and 80-100 rooms in the smaller cities.
Globally, the Golden Tulip Hospitality Group has 550 hotels and nearly 47,000 rooms in 47 countries across Europe, America, Asia-Pacific and the Middle East.
“We are already in the process of talking to people in the country, both landholders as well as hoteliers,” says Vimal J Singh, managing director, Golden Tulip Southern Asia. For their South Asian venture, GTSA will invest nearly $150-200 million, mostly through their internal resources.
Over the next four-five years, GTSA will develop properties in metro cities, particularly Mumbai, Bangalore and Pune. The group is also looking closely at developing properties in cities like Jalandhar, Ludhiana and other tier-II towns. Mr Singh also indicated that GTSA would also be looking at management contracts or franchise agreements with owners of existing properties, or properties that are currently in the construction or planning stage. Mr Singh said three brands of Golden Tulip will be set up in India — the Golden Tulip Hotels, which is a 4-5 star offering, the Tulip Inn, a 3-star offering, and Tulip Suites, 2-star suites targeted at extended stay. The focus will be in the middle-range of hotels, especially in the budget sector.
According to Mr Singh, “We believe that the budget segment is under represented in India. Our targets will be local businessmen and also domestic travellers who don’t want 5-star facilities.” The hotels would have 250-300 rooms on an average in large cities, and 80-100 rooms in the smaller cities.
Globally, the Golden Tulip Hospitality Group has 550 hotels and nearly 47,000 rooms in 47 countries across Europe, America, Asia-Pacific and the Middle East.
posted by InCar Group Press Room at 21:54
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