Franchise 100 Expands with Three New Hotel Projects Across India
Franchise 100 Signs Three Strategic Hospitality Projects Across India
News 18
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Franchise 100, a hospitality advisory firm, has signed agreements for three new hotel developments in India, including properties in Roorkee, Shahpur, and Hyderabad. This expansion reflects the growing demand for branded accommodations in Tier 2 and Tier 3 cities, driven by rising domestic tourism and infrastructure development.
- 01Franchise 100 has signed three new hotel projects in India.
- 02The projects include Park Inn & Suites in Roorkee and Cygnett Resorts in Shahpur and Hyderabad.
- 03The hospitality sector in India is experiencing robust growth, particularly in Tier 2 and Tier 3 cities.
- 04Developers are seeking organized hotel partnerships to enhance asset value and operational efficiencies.
- 05Franchise 100 aims for nearly 100 hotel brand signings in the next year.
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Franchise 100, a hospitality advisory and hotel partnership firm based in Mumbai, has announced the signing of three new hotel developments across India, marking a significant expansion in its portfolio. The new projects include 60 keys at Park Inn & Suites by Radisson in Roorkee, 204 keys at Cygnett Resort TM Collection by Wyndham in Shahpur, and 80 keys at another Cygnett Resort in Hyderabad. This growth underscores the increasing demand for branded accommodations in Tier 2 and Tier 3 cities, fueled by factors such as rising domestic tourism, infrastructure improvements, and the popularity of destination weddings. Dileep Gupta, Sr. Partner at Franchise 100, emphasized the emerging opportunities in the hospitality sector beyond major metropolitan areas, noting that developers are increasingly looking for organized partnerships to maximize asset value and operational efficiency. Akash Shetty, Managing Partner at Franchise 100, highlighted the strong interest from property owners in aligning with established hospitality brands, aiming to create sustainable partnerships. The company is evaluating additional opportunities for business hotels, resorts, and mixed-use developments as it seeks to achieve nearly 100 hotel brand signings and management partnerships within the next year.
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The new hotel developments are expected to create job opportunities and enhance local tourism, benefiting the economies of Roorkee, Shahpur, and Hyderabad.
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