Breaking News India,Franchise News India,Franchise In India,Wyndham Hotel group eyes more expansion in India,As per a report in TOI, Wyndham Hotel group, the world’s largest hotel company in terms of number of hotels, is on the prowl for acquisitions in India to increase its presence in the country. The US-based group currently has 26 hotels with 2,625 rooms in India.

“We are looking at 100% acquisitions if the opportunity exists. We are looking at domestic brands and not real estate play. A ready-made portfolio helps us increase our presence and that is how our company has historically grown,” said Deepika Arora, regional VP (Eurasia), Wyndham Hotel Group.

She, however, did not disclose the “war chest” amount the company has readied for acquisitions. The move comes even as Wyndham has major expansion plans for the country. “We will be having 41 hotels with 4,755 rooms in next three years across India in cities like Darjeeling and Kumbhalgarh,” she said.

Wyndham’s global portfolio consists of nearly 8,000 hotels and over 6.8 lakh rooms in 73 countries under brands like Dolce Hotels and Resorts, Wyndham Grand, Ramada. In India, it has properties in cities like Bengaluru, Mumbai, Gurgaon, Goa, Jaipur and Udaipur. About acquisitions, Arora said Wyndham could retain acquired brand’s identity if it is strong.

For instance, the group acquired Dolce Hotels and Resorts in Europe and US earlier this year which is known for hosting MICE — meetings, incentives, conferences and exhibitions/ events — and retained the brand even after takeover. Wyndham’s popular Ramada brand was also acquired from Mariott long back.



Related Post:

1. Taco Bell plans to expand 12 more cities in india by 2020

2. Tea Trail Cafe joined hand with franchise mart for expansion

3. Cath Kidston retail brand plans for more expansion in india

4. Dominos next steps into Indias burger segment

5. IRCTC to shortlist firms for catering services