Golden Tulip to Establish 50 Hotels in India By 2015

Golden Tulip chain of hotels plans to set up as many as 50 hotel properties across India by the end of 2015. These hotels will be mid-range properties that will cater primarily to budget travellers taking flights to India.

Golden Tulip chain of hotels is all set to establish 50 hotels across India by the end of year 2015. This international chain of hotels and resorts operates properties in 3-star and 4-star categories.

These hotels would either be entirely owned by the firm or would be set up through the franchisee course. Currently, the company manages nine hotels in India. Most of these hotels are located in tourist-centric destinations like Delhi and Jaipur, and look to serve holiday makers grabbing cheap flights to India.

Golden Tulip is planning to invest close to $100 million (roughly Rs 500 crore) over the next two years.

Vimal J. Singh, Managing Director, Louvre Hotels and Golden Tulip, South Asia, was quoted as saying, “Louvre Hotels and Golden Tulip that currently manages nine properties in India, will add another nine hotels in the country over the next year or so.

“In addition, we will invest in Campanile and Premiere Classe hotels with at least a dozen hotels in the next four-five years. By 2015, we are targeting 50 hotels with an inventory of 15,000 rooms, up from the modest 500 rooms it has at present,” Mr Singh said.

Mr Singh was in the city for the formal inauguration of Tulip Inn, a 46-room business hotel in Kolkata. Golden Tulip made its first foray in country’s eastern region in business partnership with Shiraz Hotels Pvt Ltd, owner of the popular Shiraz chain of biryani stores.

Apart from the hotel in Kolkata, the group manages properties in Amritsar, Delhi, Jaipur, Panchkula, Bhilai, Lucknow, Mandwa and Hyerabad, serving local as well as international tourists booking tickets on flights to India.

India’s hospitality sector has witnessed spectacular growth in the last few years. With India mushrooming as a big power in the world travel and tourism scene, more and more hotel chains are vying to establish their properties in country to tap into the market.