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Indian Hotels’ subsidiary Ginger Hotels looks for standalone, family-run hotels

19 Mar 2013 Evaluate

Indian Hotels company’ subsidiary - Ginger Hotels, from Roots Corporation is looking for a standalone and family-run hotels to scale up its room inventory.  At present, room inventory of the hotel group is around 2,500 rooms from 27 properties across the country. Ginger Hotels is planning to take the total to 50 hotels by 2015 and double its room inventory.

The company is finding it difficult to go for greenfield projects, due to high land costs and delays in procurement of licenses. After considering the cost of greenfield projects the company is planning to rework its business plan to accommodate the franchise.

Peers
Company Name CMP
The Indian Hotels Co 717.75
ITC Hotels 153.75
Mahindra Holi.&Resor 196.75
EIH 286.55
Chalet Hotels 876.35
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