Mantri, Bonjour tie-up for budget hotels

They plan to open the properties by second quarter of 2017, offering rooms at less than Rs 3,500 per night

Mantri Developers, Bengaluru-based realtor said on Monday it has tied up with Bonjour, which runs budget hotels to launch three budget properties in Bengaluru and expand further across two and three tier cities in the country.

Bonjour develops and operates budget hotels across India. Both Mantri and Bonjour will open the properties by second quarter of 2017, offering rooms at less than Rs 3,500 per night.

"We believe this partnership with Bonjour! certainly furthers this goal as we leverage on each other's strength and business acumen to benefit and reach out to a larger section of the audience. We look forward to the opening of these first properties in Bangalore, as well as across our target cities in South India," Sushil Mantri, Chairman of Mantri developers said in a statement. The terms of the venture was not revealed.

Unlike many other hotel chains, Bonjour! is an entirely pre-designed and pre-engineered concept with high level of standardisation and pre-fabrication. "The strength of Bonjour financial model lies in its extremely efficient use of space, a very-low operating cost model and highly-repeatable standards of construction and operations," said Didier Coutte, Co-Founder and Chairman, Bonjour. Every detail is thought through in delineated spaces in the statement.