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HomeDiversityHospitalityThe Jain Group, a Kolkata-based real estate developer, partners with Sarovar Hotels

The Jain Group, a Kolkata-based real estate developer, partners with Sarovar Hotels

The Jain Group, a significant player in the hospitality sector, revealed its ambitious expansion plans. Presently, the group operates 120 hotels but plans to boost this figure to 150, including ventures abroad. The expansion strategy prioritizes acquiring properties via management contracts, underscoring the group’s dedication to strategic partnerships and efficient operations.

Speaking on the occasion, Shrayans Jain, vice-chairman of Jain Group, expressed his vision for the future. He stated, “After the successful launch of Holiday Inn Kolkata Airport, we are thrilled to unveil our second hotel in New Town, Calcutta. This marks another significant milestone in our journey. Looking ahead to Vision 2030, our goal is to offer a diverse portfolio of 1,000 hotel rooms across Bengal, catering to the upscale mid-market and luxury segments.”

Partnering with Sarovar Hotels, a prominent player in the hospitality sector, bolsters the Jain Group’s standing in the industry and reinforces its dedication to providing outstanding guest experiences. Through this collaboration, the group seeks to expand its footprint in vital markets and capitalize on emerging prospects.

Rishi Jain, managing director of Jain Group, highlighted the group’s substantial investment plans. He stated, “By 2030, we envisage investing INR 500 crore in our hospitality business, reaffirming our long-term commitment to the sector. This investment will not only fuel our expansion initiatives but also enable us to enhance infrastructure, innovate service offerings, and uphold our unwavering dedication to excellence.”

The expansion efforts align with the Jain Group’s overarching mission to redefine hospitality standards, drive economic growth, and contribute to developing tourism infrastructure in Bengal and beyond.

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BRL Editorhttps://businessreviewlive.com
Business Review Live covers finance, technology, travel, lifestyle, and everything in between through exclusive interviews and analysis, market statistics, digital video, and an expanded array of content formats.