Today tourism is the fastest
growing industry in the
world. It is regarded as the
creator of opportunities, a
catalyst for employment & a
preserver of local culture &
nature.
World Travel & Tourism
Council pegs Global tourism
industry growth at 4.5%
annually over the next 10
years, whilst India will
have an approximate growth
rate of 9.7%.
Tourism requires more
infrastructure facilities
like good roads & modes of
transportation, better air
connectivity & best
accommodation. Good Hotels
are an essence of any
country’s efforts of
promoting tourism.
In its endeavour to provide
value added real estate
services and contribute to
the growth of Indian tourism
industry, Parsvnath
Developers Limited (PDL) has
formed a subsidiary entity,
Parsvnath Hotels Limited
(PHL). PHL would develop
world-class hotels in
leisure, business and
religious segments all over
India. In our first phase of
development, we have
finalised 20 hotel and
serviced apartment projects
all over India under
different star categories in
stand alone and mixed use
model. These hotels and
serviced apartments would
have an inventory of about
2700 rooms. We have
finalised 8 five star
projects in the cities of
Indore, Jodhpur, Goa,
Hyderabad, and Kochi. Kochi has two
projects (airport & beach).
We have finalised 2 four
star projects in the cities
of Lucknow & Mohali and 3
three star projects in the
cities of Shirdi, Ujjain,
Delhi (Seelampur). We have
finalised one serviced
apartment in Bhiwadi. PDL
is also developing Special
Economic Zones (SEZ) in
different parts of the
country. PHL has finalised
serviced apartments in 5 SEZ
projects of Dehradun,
Gurgaon, Indore, Kochi and
Hyderabad.
The construction work has
already started in 6
projects located at Shirdi,
Lucknow, Mohali, Hyderabad
and Bhiwadi. The roll out
would start from the second
half of 2011.
The following hotel
projects, along with their
star categories, have been
approved by Ministry of
Tourism, Government of
India.
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Shirdi |
3 Star |
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Lucknow |
4 Star |
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Goa |
5 Star |
These Hotels would be
located on prime sites,
whether it be a commercial
centre, or in the midst of
the most frequented part of
the city. The hotels would
offer stylish accommodation
with multiple restaurants,
bar and leisure facility at
most of the locations.
Hotels located at Shirdi and
Ujjain would be managed
keeping in view the
religious sentiments of the
guests and offer complete
vegetarian meals.Shirdi
Hotel would be a Fortune Inn
by Welcom Group.
The hotels decor and
ambience would revolve
around the phenomena of
“Enlightened Stay” where the
new age traveller would feel
delighted and at ease. These
hotels would be most
contemporary in their design
and invoke feelings of
luxury and comfort.
We have tied up with two
leading Indian hotel chains,
namely Fortune Park Hotels
Ltd., a subsidiary of ITC
Ltd. and Royal Orchid Hotels
to manage and operate our
hotels.
ITC’s Fortune Park Hotels
Ltd. (FPHL) was set up in
1995. FPHL now manages 23
operating hotels and many
more hotels in various
stages of completion. FPHL
operates through the
following brands:
- Fortune
Select – 5 Star Luxury
Hotels
- Fortune Park – 4 Star
Business Hotels
- Fortune Inn – 3 Star
Budget Hotels
- Fortune Resort -
Resorts
ITC’s FPHL would manage
and operate 50 hotels (20
five star, 20 four star and
10 three star) developed by
PHL. The duration of the
agreement is for 10 years.
Please log on to
www.fortunehotels.in
for more details.
Royal Orchid Hotels, a
listed company, was started
in 1973. It currently has 8
hotels in operation under
its own brand. Royal Orchid
Group has 4 hotels at
Bangalore, 2 at Mysore and
one each at Pune and Jaipur.
Please log onto
www.royalorchidhotels.com
for more details.
Royal Orchid Hotels operates
through the following 6
brands:
- Royal
Orchid – 5 Star
Lifestyle Business
- Royal Orchid Business
– 4 Star Boutique
Business
- Ramada: An exclusive
licensing agreement – 4
Star Deluxe Business
Hotels
- Royal Orchid Getaways:
Business Leisure –
Heritage Hotels and
Luxurious Properties in
and around Tourist
locations
- Royal Orchid Suites –
5 Star Serviced
Apartments
- Royal Orchid Harsha –
Comfort Budget
facilities
PHL and Royal Orchid have
jointly formed a company;
Parsvnath Royal Orchid
Hotels Limited (PROHL).
PROHL is a subsidiary of PHL
and it would develop a
minimum of 10 hotels (4 five
star, 4 four star and 2
three star) in India.
Parsvnath Hotels Limited,
along with, ITC’s Fortune
Park Hotels Ltd. and Royal
Orchid Hotels would ensure
the finest levels of
accommodation and
hospitality experience for
the guests.
Our target is to develop 100
hotels over the next 7 years
with an inventory of about
10000 rooms. The next phase
would also involve hotels in
3 to 5 star categories and
serviced apartments in major
cities & townships developed
by PDL. We are also
exploring overseas markets
for development of hotel
projects.
We are constantly looking
ahead, building on our
strengths, and reaching for
new avenues.
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