Travel Reservations - OrangeSmile Tours
Best destinations around the world - Travel Guide

Find the right hotel

Hotel Business News and Analytics
Important! This article is written by editors and is protected by copyright law. The article can only be re-used with a direct link to
All news:

Sarovar Plans to Open 4 new hotels in India

News Sarovar Hotels & Resorts, the Mumbai-headquartered hotelier, has announced the opening of 4 new accommodations mainly in the east of India. These will be hotels in Bhubaneswar, Guwahati, Raniganj, and Tezpur. The company will participate in the building of these projects on a 3:2 equity-to-debt ratio. Thus, Sarovar will invest approximately 1.5 billion of rupees (US$34 million) into 4 new hotels in India.

Currently the hotelier has 54 properties in the country and outside it. Sarovar is a management company that works under franchise agreements. Outside India the company operates hotels under Park Plaza and Park Inn brands by Carlson. The company also has its own brands. Sarovar has ambitious plans concerning this and next years as the hotelier plans to double its portfolio by the end of the next year. This will expand the portfolio of the company to over 100 hotels.

Ajay Bakaya, the executive director of the company, tells current growth of the hotel industry in India reaches 8%. However, the majority of hotels open in large cities and metropolitan areas of the country, so the east and northeast of the country still suffer from the lack of accommodations.

Previous article / Back to news index

Stay in touch with the latest news of a worldwide hotel industry. All up-to-date analytics, news, and reports about hotel business trends on

Our travel services
 Car Rental
Car Hire Worldwide
 News in languages
 Top 20 destinations
347 hotels
74 hotels
94 hotels
Girona Airport
131 hotels
39 hotels
98 hotels
57 hotels
563 hotels
150 hotels
211 hotels