StayWell Hospitality to add 18 hotels in India by 2017.

Australia-based StayWell Hospitality Group plans to add 18 hotels in India by 2017 targeting mid and up-scale segments as part of expansion plans entailing an investment of around USD 20 million.

The group has two properties in the country and is targeting a mix of major metros and smaller cities, including Mumbai, Delhi-NCR, Goa, Jaipur, Bangalore, Chennai along with Hyderabad, Kolkata, Visakhapatnam and Ahmedabad.

'We plan to have 20 properties in India as part of growing our portfolio globally to 100 by 2017. Currently we have two hotels, one in Jaipur and one in Gurgaon in the country,' StayWell Hospitality Group Chief Executive and Managing Director Simon Wan told PTI

When asked about the investment for the purpose, he said it would be around USD 20 million (over Rs. 120 crore).


ET