Dawnay Day to forays into hospitality sector

By Staff
|
Google Oneindia News

Mumbai, June 1 (UNI) Dawnay Day today announced its plans to foray into the fast growing hospitality sector in India by launching its hotels business venture.

Mr Alok Vajpeyi, Vice Chairman and Managing Director, Dawnay Day AV Financial Services Private Limited, told mediapersons, ''The Company plans to develop a chain of 30 three and four-star business hotels in India within the next three to five years. The hotels will target corporate executives and foreign tourists with world standard conveniences.

The Company plans to engage international architects to design a standardized, yet user-freindly environment across its properties.

The Company is currently in discussions for acquiring properties in cities such as Pune, Mumbai, Chennai, Hyderabad, Ahmedabad, Chandigardh, Bangalore and New Delhi.

''We believe there is tremendous potential for growth in the business segment of the hospitality industry, and we exepct to mark a substantial presence in this market by offering the business traveler a superior product,'' Mr Vajpeyi said.

UNI AR MAZ AG1630

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X