Ginger Hotels, a Tata Group enterprise, has planned to add 1,000 rooms over the next 18 months. The company has said it has seven projects, each to attract an investment of Rs10-15 crore.
Ginger Hotels is a budget hotel chain owned by Indian Hotels, owners of the Taj Group of hotels.
Speaking to reporters after launching Ginger Hotels here, Prabhat Pani, chief executive officer and director, Roots Corporation Ltd, a subsidiary of Indian Hotels, said they had 24 properties across the country and 2,317 rooms. So far, the company had invested around Rs350 crore. The Chennai property, Pani said, an 80-room one, was developed at an investment of Rs11 crore.
The locations for the 1,000 rooms the company has planned to add in the next 18 months are Bangalore, Tirupur, Indore, Hyderabad, Mumbai, Jaipur and Amristar. Three of these would be ready by December, said Pani. The company is evaluating Cochin and Coimbatore in South India, he added.
Previously, the company would acquire land and promote the project itself. It has since taken alternative routes, including developing inside malls, a public-private partnership model or redevelopments to an existing property.
