Joining the big league of the global hotel chains expanding in India, Hong Kong-based $2 billion JB group will set up as many as 20 hotels and shopping malls in the country over the next three years. The group, run by NRI Surani family, will invest between Rs 2,000 crore and Rs 2,500 crore in the venture.
The group will set up these hotels in Kolkata, Goa, Bangalore, Mumbai and other cities. Among 20 hotels, it is planning 10-12 three-star hotels, 4-5 four-star hotels, and 3-4 five-star hotels in the country.
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