Chatwal Hotels and Resorts LLC, New York-based hotel chain plans to invest USD 200 million in India to open more than 50 hotels over the next five years via franchise route.
Chatwal Hotels has given the franchise and management rights of its five-star deluxe brand ‘Dream’ and four-star brand ‘Night’ to Wyndham Hotel Group. Wyndham Hotel is planning to expand them in India through the franchise model and develop them with the help of local partners.
Vikram Chatwal, Chairman and CEO, Hampshire Hotels & Resorts, the management arm of Chatwal Hotels, is in India to explore the market. Presently, Chatwal and the Wyndham Group jointly operates the 216-room Dream New York in midtown Manhattan, the 72-room Night Hotel also in Manhattan, a 195-room Dream Hotel in Bangkok and the 151-room Dream Cochin.
The brand has intended two properties for Jaipur, and one Night hotel each for Hyderabad and Kochi. These properties will be launched over next 18 months.
