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StayWell Hospitality eyes large portfolio hotels for expansion

Australia-headquartered StayWell Hospitality Group, which has signed its 12th property in India in Gujarat, is in talks with large portfolio hospitality companies with an aim to take the total number of hotels in India to 50 in three years.

"We have just signed our 12 property near Ahmedabad and are targeting 25 hotels in three years by opening one hotel in every 2-3 months in the country. However, currently we are negotiating with 2-3 large portfolio hotel groups in India, which may double the number of properties to 50 in three years," StayWell Hospitality Group Managing Director in India Rohit Vig told PTI here.

 He said the company is in talks with players in the Northern, Southern and Eastern region. "We have good presence in the North. East, especially the Northeast, and the south excites," he added. Currently, five StayWell properties are operational in the country and the rest are under various stages of development, he said. The hospitality group is looking at expansion of both our brands - Park Regis and Leisure Inn.