Sincere Developers Private Ltd., the proprietor of the Taj Hotel & Convention Centre property in the vacationer city of Agra, has introduced plans to set to a minimum of 3 tremendous luxury hotels beneath the Indian Hotels Company Limited’s Taj model identify in the close to future.
“We are going to set up three hotels in the next three years and the tie up will be with Taj,” stated Paritosh Ladhani, joint Managing Director, Sincere Developers. “These will be very luxurious hotels commanding room rent of up to ₹40,000 per night,” he added in an interview.
The properties are anticipated to come up in pilgrim cities and vacationer locations. The places embody Rishikesh, Dharamshala and Jim Corbett Park. The agency additionally plans to arrange a luxury property in an Assam tea backyard.
(*3*) Mr. Ladhani stated.
Across these properties, the corporate is constructing about 450 rooms (150 rooms every) with a complete funding of about ₹1,000 crore.
“These hotels are going to be very high class, very ultra-luxury, one can call these uber luxuries, commanding a rate of at least ₹35,000 to ₹40,000 per night. I am not building a property which will command a rate of ₹15,000 – ₹20,000 per night,” Mr. Ladhani stated.
He added that the demand for tremendous luxury hotels had gone up sharply amongst home travellers, in line with a requirement for luxury properties.
“Even the people from upper middle class in India have become very aspirational. So those people whose salary is at ₹5 lakh per month, they are willing to take a vacation only once a year with the kids but stay in the best hotel’,” he added.
He stated the corporate would ultimately have a minimum of 7 to 8 tremendous luxury hotels in 7 to 8 years.
“We want to have at least 7-8 luxury hotels in the country which will be among the top 15,” he stated, including that utmost precedence can be given to sustainability
