Hospitality major Wyndham Hotel Group has signed a franchise agreement with JMJ for the property. The Group has licence to franchise the Planet Hollywood Hotel brand.
The Hollywood-inspired theme hotel, expected to be operational before Christmas, will be only the second in the world after Planet Hollywood, Las Vegas.
"This is the second Planet Hollywood which will be spread across 10 acres and cater to a variety of travellers. It will replicate the same style as its property in Las Vegas typically decorated with movie memorabilia, including props from famous films," Wyndham Hotel Group Regional VP (Indian Ocean, EMEAI) Deepika Arora told reporters here today.
"We are looking at more Planet Hollywood. Currently, we are in talks for franchise agreements for the brand in China and North America.
"We are also open for more Planet Hollywood resorts in India. However, the location has to support the brand in terms of specific market and environment," Wyndham Hotel Group President and Chief Executive Officer Geoff Ballotti said.
JMJ Group, incorporated in 1995, is mainly into perfumery blending and manufacturing of essential oil extracts used by most of the top brands of pan masala, chewing tobacco, mouth fresheners, incense sticks and similar products.
The company is also developing two upscale properties in New Delhi, one each in Jaipur, Pune, Raipur besides one resort and spa in Dehradun with 80 rooms, he said.
"We have a huge land bank spread across different States. We have lined up an overall investment of Rs 1,500 crore for developing these seven properties, including Planet Hollywood in Goa," Joshi added.
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