Ginger Hotels' portfolio to turn asset-light by FY18

Ginger has 37 operational hotels with a capacity of 3,500 rooms but majority of these are owned

Tata Sons’ Ginger Hotels, a hospitality company catering to budget travellers, plans to have more managed or leased properties than those owned at the end of the next financial year.

Ginger has 37 operational hotels with 3,500 rooms but a majority of them are owned. Another 13 hotels with approximately 1,300 rooms will be added to the portfolio by the end of 2017-18. 

“Most of these 13 will be managed or under lease. So, there is less ownership now. A majority would become leases and managed versus the majority being ownership now,” Rahul Pandit, managing director and chief executive officer at Ginger