StayWell Hospitality Group will add 600 rooms in India by the end of 2020
New Delhi, September 1 () The StayWell Hospitality Group, owned by Japan-based Seibu Group, is looking to add around 600 rooms to its inventory throughout India at the end of 2020 as part of its expansion plans in the country, said a senior company official.
StayWell Hospitality Group currently has six operating hotels in the country with approximately 600 rooms under its two brands: Park Regis and Leisure Inn.
The hotel chain also plans to bring its five-star Prince Akatoki luxury brand to the country next year.
We plan to double the number of keys in India by the end of 2020. We will add about 600 keys in the country during this period, said Rohit Vig, Regional Managing Director of StayWell Hospitality Management India and Development Director of South Asia.
The company also plans to bring the Prince Akatoki brand that reflects synonyms from Japan, targeting international clients, to India during 2020, he added.
For this premium luxury brand, we are looking for key target cities of Mumbai and Delhi. With the Prince Akatoki brand we are also looking for the acquisition model. We could acquire an existing operating hotel in one of these key cities, Vig said.
The company has so far been following the strategy of light assets, and all current operating hotels in India are under the management contract model, he added. StayWell Group is one of the leading hotel management groups in Asia Pacific. AKT ABM