Hyderabad-based Averest Inns & Resorts plans 20 properties in three years


Printed: Printed Date – 06:09 PM, Wed – 23 December 20

Averest administration staff saying the launch of its model.
First property from the group to come back up in Hyderabad by January 2021

Hyderabad: Hyderabad-based Averest Inns and Resorts India introduced its formal launch within the Indian market and plans to determine 20 properties throughout India, Center East and Europe. Of the 20 properties, the primary property will begin operations in Hyderabad subsequent month.

Averest Inns additionally plans to open properties in Andhra Pradesh, Karnataka, Uttarakhand, and Goa within the subsequent six months. The group additionally has plans to foray into the premium luxurious phase by 2024. The corporate didn’t disclose the investments that can go into its properties.

In Hyderabad, the corporate will open a mid-segment lodge positioned strategically at Gachibowli to focus on each company and leisure travellers with its pocket-friendly luxurious choices. Pan-India, the corporate sees alternatives in administration contracts, franchise agreements and joint ventures.

Commenting on the launch, P Ok Anantha Sharma, co-founder and VP, Averest Inns and Resorts India, mentioned, the 12 months 2020 was a 12 months of extraordinary circumstances and the hospitality business was one of many worst affected. However 2021 is bringing a number of hope and power.

N Rajendra Prasad, founder and MD, Averest Inns and Resorts India, mentioned, “Averest group goals to ship an all-round enriching visitor expertise with its holistic strategy in direction of lodge administration. With an in a position staff of specialists from the hospitality business, the group will quickly have its footprint in a number of States in India and also will make a global debut with one property in Gulf or European area.”

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