The company expects to expand to the north and northeastern regions of India, adding 200 rooms to the current portfolio. Credit: Masaaki Komori/Unsplash.com.

Dharmpal Satyapal (DS) Group in India has announced plans to open three new hotels with a capital expenditure of Rs5bn ($60.09m) in the next three years, as reported by PTI via The Times Of India.

According to the company’s vice-chairman Rajiv Kumar, the three properties are expected to be under the Radisson and IHG group brands.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Kumar said: “We are happy with our partnerships with both Radisson and IHG group, so we hope to continue with them in our future expansions.

“However, we will also go along with any other hospitality brand in the case of an acquisition like it was with the Renaissance, Bengaluru.”

Currently, the company has six properties, including The Manu Maharani in Nainital; Namah in Jim Corbett National Park; Crowne Plaza Jaipur in Rajasthan; Radisson Blu Hotel Guwahati in Assam; Holiday Inn Express Kolkata Airport in West Bengal and Renaissance Hotel in Bengaluru, managed by Marriott.

Kumar told PTI: “Currently, we have six hotels with around 930 keys operating under global hospitality brands, including Radisson, IHG and Marriott.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company expects to expand to the north and northeastern regions of India, adding 200 rooms and taking its portfolio of rooms to a total of 1,500 keys over the following three years.

According to Kumar, the company will fund the additions through internal accrual and debt.

This investment is expected to help the company reach 15% annual growth in the hospitality sector in the next two to three years.

Currently, the company has roughly 1,120 employees in its hospitality segment and the addition of the three hotels is expected to bring the total workforce to 1,800.