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| Ginger to open 10 hotels by fiscal end |
| Press Trust of India / Ahmedabad Feb 11, 2009, 16:51 IST |
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Roots Corporation, the wholly-owned subsidiary of Indian Hotels, which runs the no-frill hotel chain Ginger, today said it is planning to open about 10 such hospitality units across the country by the end of this fiscal.
"We started with 11 hotels at the beginning of this year and intend to open between 8-10 Ginger chain of hotels by the end of this fiscal, across the country," Roots Corporation Chief Executive Officer Prabhat Pani told PTI here.
Around 7-8 hotels of the group are under construction across the country, including the one in Surat.
"We plan to construct 25 three-star hotels within a span of 12-15 months. By the end of 2008-09 we expect an increase of 30 per cent in room demand," Pani said.
The Rs 300-crore company has one hotel each in cities such as Bangalore, Pondicherry, Trivandrum, Mangalore, Bhubaneshwar, Durgapur, Pantnagar and intends to open one more in the existing locations by end of 2009-10.
Setting aside the speculations of impact of slowdown on the hotel industry, Pani said: "The demand for three star hotels in India will continue to be robust with host of international games event lined up in 2009-10."
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