Hilton Hotels has announced plans to create a joint venture company in India with property developer, DLF
Hilton Hotels has announced plans to create a joint venture company in India with property developer, DLF.
Together, the two companies plan to develop and own between 50 and 75 hotels and serviced apartments in the country over the next seven years.
Ian Carter, executive vice president of Hilton Hotels Corporation and CEO of Hilton International Operations, explained the attraction of the Indian market.
“India [offers a] powerful combination of economics and demographics,” he said.
Delhi-headquartered DLF is also actively pursuing an expansion plan in several cities in the country.
“We see tremendous opportunities for growth in the hospitality sector in India, given the attractive tourism avenues unfolding in the country,” said Shakti Singh, director of hospitality business for DLF.
The initial stage of the partnership will involve 20 hotels in a number of key locations, including Chandigarh, Chennai and Kolkata. Many of these hotels, according to Hilton’s Carter, will be under the corporation’s business hotel brand, Hilton Garden Inn, representing the brand’s first significant expansion outside of the North American market.