Facebook Pixel Code

Value Inn and Hotels to open 100 properties by 2025

Looking to establish its presence across the country, Value Inn Worldwide and Value Hotel Worldwide, are looking to open 100 properties in the next 10 years

Archana SharmaNew Delhi

Looking to establish its presence across the country, Value Inn Worldwide and Value Hotel Worldwide, are looking to open 100 properties in the next 10 years. Elaborating on the same, Sudhir Sinha, managing director and CEO, Value Inns & Hotels India, stated that the company will be targeting the mid-segment and Tier II markets for the same. Having entered the India market through an exclusive master license agreement with Miraya Hotel Management, they will have two operational properties by the end of 2015, Evergreen Motel in Sitarganj (Uttarakhand) and Golden Nest Resort in Yercaud (Tamil Nadu).

Elaborating on the markets being targeted, Sinha stated, “We have identified around 145 cities, targeting mainly the Tier II and III markets as there is huge demand for the domestic sector.” He also informed that the properties to be considered will be two-star to four-star category hotels, depending on location, size of the property and with a room inventory of about 30 – 65 rooms. These will primarily be business hotels offering F&B and banqueting facilities for weddings and events. Elaborating on the expansion plan, Bill Hanley, group president, international division, Vantage Hospitality Group, stated, that being one of the world’s most economical hotel chain, Value Inns and Hotels will be expanding through newly constructed properties as well through re-branding of existing hotels.

Get live Share Market updates, Stock Market Quotes, and the latest India News and business news on Financial Express. Download the Financial Express App for the latest finance news.

First published on: 02-05-2015 at 07:40 IST
Market Data
Market Data
Today’s Most Popular Stories ×