Property consultant ANAROCK today said it has partnered with HVS to tap business opportunities in the hospitality sector as part of its expansion plan.
HVS is a leading global consultant for hospitality sector and helps companies in financing, developing, owning, or operating a hospitality property. It has a team of more than 300 people with over 50 offices across the world.
Announcing the partnership, ANAROCK said it has formed a new vertical HVS ANAROCK that will focus on brokerage, feasibility studies, operator searches, appraisals, executive search and other hospitality sector consulting and advisory services throughout South Asia.
ANAROCK Chairman Anuj Puri will be the chairman of this new verical and a new CEO will be appointed soon. Shobhit Agarwal, MD and CEO - ANAROCK Capital, will head the transactions vertical at HVS ANAROCK.
Earlier this month, ANAROCK announced merger of ANB Capital with itself to start a real estate investment banking advisory service. It created a separate vertical ANAROCK Capital.
On the tie-up, Stephen Rushmore Jr, President and CEO - HVS, said: "Together we foresee rapid expansion in the region and will be able to tap into more resources to serve our clients better than ever."
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