Anarock ties up with global firm HVS, seeks to tap $210 bn hospitality biz

Real estate consultancy Anarock Property Consultants today said it has partnered with HVS, the global hospitality consultancy to tap into the $210 billion hospitality sector in the country.

As a new business vertical under the Anarock Group, joint venture firm HVS Anarock will focus on brokerage, feasibility studies, operator searches, appraisals, executive search and other hospitality sector consulting and advisory services throughout South Asia.

Anuj Puri, chairman, Anarock Property Consultants takes on the added role of chairman-hospitality at HVS Anarock and the firm’s soon-to-be-appointed CEO will report to him. Shobhit Agarwal, MD & CEO, Anarock Capital will head the transactions vertical at the JV.

The partnership is expected to  boost HVS India’s annual turnover by up to 75 per cent.