Roots Corporation Limited (RCL), the subsidiary of Indian Hotels Company Limited plans to expand its budget hotel portfolio managed under the Ginger Hotels brand to 70 properties over the next four years. It presently operates 20 hotels across the country. The company has charted out its growth through the Greenfield, Brownfield model and recently entered the management route for expansions.
Presently hotels are under development in Chennai, Surat, Indore, Tirupur, Manesar and Lucknow. Within Maharashtra, the company is presently scouting for locations in Nanded and Nagpur. RCL plans to expand with the format of multiple properties in same city. Following the same growth model, the company recently launched its second hotel in Pune, a 128 room hotel located at Wakad. It also plans to launch two more properties in Pune and is assessing opportunities in the main city area and Nagar Road. In the major metros, the company is in the lookout for locations in Mumbai, Delhi, National Capital Region and Hyderabad.
Earlier this year, RCL signed its first management contract for its hotel in Durg, Chattisgarh. The management growth model, as well as acquiring distressed assets for redevelopment will fasten our expansion plans across the country. However, our criteria for choice of properties remain stringent, informed Prabhat Pani, CEO and Director, RCL.
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