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Azure Hospitality to invest ₹172 cr in 65 new restaurants

New Delhi-based restaurant chain operator Azure Hospitality Pvt. Ltd., is planning to open 65 restaurants over the next three years by investing ₹172 crore.

Azure Hospitality, which has 35 restaurants through six brands in major cities, plans to open more outlets in select Indian cities and in the U.K. organically and through acquisitions. “We are planning to add 15 to 25 restaurants each year. The investment in each outlet will be about ₹2.60 crore. Some of them will be on franchise basis. Besides, we are also entering London and Manchester this year. We are planning to create new brands through organic way and by way of acquisitions,” said Rahul Khanna, co-founder, Azure Hospitality Pvt. Ltd.