Thailand-based hospitality provider ONYX Hospitality Group has set out plans to operate at least 10 hotels in India by 2022.
ONYX has entered into a joint venture with hospitality asset management firm Kingsbridge India to support the expansion of its Amari and Ozo brands.
The first full service 120-room Amari hotel has been confirmed in the National Capital Region to open in 2019.
The second project will be in a World Trade Centre development in Gujurat’s new central business district.
The Amari Residences GIFT City in Ahmedabad will feature 120 serviced apartments and is due to be operational in 2018.
ONYX president and chief executive Peter Henley said: “This announcement marks a strategic step in our long term strategy to become a leading hospitality provider in Asia.
“India is ripe for hospitality development right now and as the economy continues to grow, and international visitors to the country rise, we see great potential for hotel expansion.
”As hospitality specialists, our role is to select the right brands for the right locations and we see market potential for our upscale hotel, resort and residences brand Amari, as well as our select service brand Ozo.
“The hospitality landscape in India is dominated by luxury at one end of the spectrum and unknown players at the other. Together with our partner Kingsbridge, we see an opportunity to provide international standards to guests who are looking for reliable and good quality upscale accommodation options.”
Kingsbridge India chief executive Rajesh Shanbhag said: “We firmly believe that the Kingsbridge-ONYX partnership will serve to establish the joint venture as a leader in the Indian mid-market hospitality segment in the future.
“Both partners have come together with the common objective of establishing a pan-India portfolio of mid-market and upscale hospitality properties in key business and tourist destinations.”
ONYX Hospitality Group manages 54 properties in 10 countries, 38 of which are operational, equating to more than 6,000 rooms.
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