Biyani firm to manage 3,000 hotel rooms

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Retailer Kishore Biyani is on the hospitality beat. His real-estate investment arm, Kshitij Investment Advisory Co Ltd (KIAC), will manage 3,000 hotel rooms in the coming years.

Using a combination of business and boutique hotels and serviced apartments, the room inventory will be added through the ‘market cities’ being developed by KIAC.

“The hotel room inventory in each of dozen-odd short-.listed market cities is estimated to be 200 for business hotels, 100 for boutique hotels and over 100 for serviced apartments. The combination of business and boutique hotels, besides serviced apartments, is what Kshitij is keen on."

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