The company, a wholly-owned subsidiary of Choice Hotels International, would also add another 10 hotels, which are under construction at present, in the next two to three years.
"We are growing steadily here. We would add 3 to 4 hotels by the end of this year. Moreover, 10 other hotels which are under construction at this stage would also be added in the next 2 to 3 years," Choice Hotels India CEO Vilas Pawar told PTI.
Choice has a chain of 26 franchise properties spread over 19 places in India.
"We are very optimistic over our growth in India. The hotel industry is growing here. It could be better but given the industry outlook, it is ok," Pawar said.
Choice Hotels, which primarily has budget hotels under its fold, also demanded that the government should extend benefits given to big luxury hotels to small ones also.
"The government is granting benefits to hotels above Rs 200 crore, but it should also extend these (sops) to small budget hotels of Rs 25-30 crore and that would bring the real growth in the industry," he said.
Choice Hotels International is an 85-year-old group and has around 6,300 hotels world wide under 11 brands.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
