C & C Alpha Group, a London-based private equity firm owned by one of the wealthiest families in India, is looking to expand into the hospitality sectors in the United Arab Emirates and Saudi Arabia.
Bhanu Choudhrie, a British-Indian businessman who hails from the famous Choudhrie clan, is a director at London-based C&C Alpha Group, the family’s sprawling private investment company.
The firm has interests ranging from care homes to utilities, but Choudhrie told Arabian Business he is keen to scout out potential hospitality projects in the Gulf, particularly in Saudi Arabia, which he said would be a good fit for the firm’s wellness hotel brand ‘Ananda’.
“I feel there is a market for holistic wellness hotels in Saudi Arabia. We feel this would be the right way to enter the market. Young Emiratis and Saudis are very into their health and really enjoy learning about it,” he said.
Shanti Hospitality Group, the hospitality subsidiary of C & C Alpha Group, has over 2,000 keys globally across 24 hotels, including Ananda in the Himalayas, Nira Hotels & Resorts, Starwood Hotels, various Hyatt Hotels and Nidra Hotels.
“I’m convinced that there will be big growth in tourism in the UAE and Saudi Arabia. We are exploring opportunities. We will be cautious, but we are looking at it,” Choudhrie added.
Read the full interview with Bhanu Choudhrie online and in this week’s magazine, where he talks about his plans to expand the company’s water desalination operations in Saudi Arabia, the Alpha Aviation Academy in Sharjah and his admiration for legendary US financier Warren Buffett. “Buffett is 88 years old and he is still going into work every day and making decisions," he said.For all the latest travel news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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