Choice Hotels - Rs 750cr expansion

In a bid to ride the current boom in tourism, Choice Hotels India plans to invest Rs 750 crore to set up around ten budget hotels a year across the country.


"The company currently has (helps marketing) 30 hotels across 22 destinations in the country and we are looking to add eight to ten properties to this number every year for next two to three years. Our expansion plans would see the promoter companies invest about Rs 700-750 crore in the next 2-3 years," Choice Hotels India CEO Vilas Pawar said.

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