MUMBAI: Starwood Hotels and Resorts is lining up properties at leading?temple towns?such asHaridwar, Varanasi and Tirupati, and is on the verge of finalizing some deals by the end of the year.
“It is a highly under-supplied market for people willing to spend and upgrade. Hence, we see a huge growth opportunity for some of Starwood brands like Sheraton and Four Points. We are talking with some local developers and hope to finalize a deal ? either a management contract or franchise ? in the next few months,” Simon Turner, Starwood’s president of global development, told TOI during his recent visit to the city.
Starwood is setting up a 180-room property, under the Sheraton brand, in Amritsar. The global chain currently has more than 7,500 rooms in India. Turner said the recent global economic recession may have impacted the Indian hospitality industry but that stress has not affected their developments. He said the company’s development mantra is right properties, right places and right partners.
Click here to read more.
Source: Rajshri Mehta (2013). Starwood?s hotels to come up in temple towns, The Times of India?http://timesofindia.indiatimes.com/business/india-business/Starwoods-hotels-to-come-up-in-temple-towns/articleshow/19623605.cms published Apr 19, 2013. Viewed Apr 23, 2013,