Monday, March 22, 2010

Four Seasons Hotels' 4 new properties in India by '15


Press Trust of India / New Delhi March 22, 2010, 13:10 IST

Microsoft founder Bill Gates- 
promoted luxury hotel group Four Seasons today
 said it will have four new properties in India within
the next five years as part of its strategy to tap the Four seasons
resurgent hospitality sector in the country.

The Canada-headquartered chain said it will add over
a 1,000 rooms to its inventory and focus both on the
leisure and business segments.

"Our plan is to have two new hotels in Bangalore and Gurgaon
and two resorts in Kerala and Jaipur by 2015.
This will add over a 1,000 rooms to our inventory,"
Four Seasons Hotel Director (Marketing) Sanjeev Shukla told PTI.

He said the properties will be built under tie ups with local
developers who will also invest in them, while Four Seasons
will manage them and give its brand name.

"After a slowdown of over an year and a half, the hospitality
sector in India is showing an upward trend with a rise in room
occupancy. We want to tap both the business and leisure segments," Shukla said.

While the two hotels at Bangalore and Gurgaon will focus
on the business segment, the resorts will cater for the leisure sector, he added.

The group started its operations in India in 2008 and 
currently runs a mid-sized luxury boutique in Mumbai with 202 rooms.

Four Seasons, promoted jointly by Microsoft founder
Bill Gates and Saudi Arabia's Prince Al-Waleed bin
Talal, currently operates 86 hotels across the globe.






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