The News Scroll 18 August 2019  Last Updated at 11:16 am | Source: PTI

Amatra Hotels and Resorts to add 7 properties this year

Amatra Hotels and Resorts to add 7 properties this year
outlookindia.com
1970-01-01T05:30:00+0530
New Delhi, Aug 18 (PTI) Hospitality firm Amatra Hotels and Resorts is looking to add seven properties across the country this year under its expansion plans, a top company official said.

The company, which is a wholly-owned subsidiary of Malaysian firm Amatra Group Holdings SDN BHD, has two properties in India with a total of 81 rooms.

"We plan to add seven properties in India by the end of this year. This would add around 350 rooms to our portfolio," Amatra Hotels and Resorts COO Anurag Dua told PTI.

The properties that will be in mid-scale segment will be in Jaipur, Jim Corbett National Park, Nainital, Mukteshwar, Coorg and Goa, he added.

With the expansion, the company will be adding 800 jobs this year, he added.

Regarding the funding for expansion, Dua said, "We have USD 13 million commitment from the parent company and have already received USD 3 million from this amount."

Speaking about the business model of the company, he said, "We follow the asset-light model. We take the properties on lease and on revenue sharing. We manage and operate the properties."

The company invests mainly in areas of technology, standardisation of the product, marketing and sales, he said. PTI AKT RUJ MR


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI
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