Indian Real Estate Developers Drive Hotel Construction Boom While Global Brands Focus on Management
By
Peden Doma Bhutia
Summary
Indian developers and real estate companies are racing to build hotel assets, while major hospitality brands like Marriott, Hilton, and IHG focus on managing these properties through 'asset-light' or 'asset-right' strategies rather than owning them. This trend is driving a hotel construction boom in India, with developers seeking long-term returns from real estate appreciation and hotel brands expanding their management portfolios without taking on the financial risk of ownership.
Source
bskyIndian Real Estate Developers Drive Hotel Construction Boom While Global Brands Focus on Managementskift.comKey quotes
· 3 pulled"The developer community in India is very aggressive in building hotels," said Ranju Alex, area vice president for South Asia at Marriott International.
"They see value in the real estate, and they want to own the assets," Alex said.
"We are asset-light and we will continue to be asset-light," said Dilip Puri, founder of the Indian School of Hospitality and former regional CEO for South Asia at Starwood Hotels.
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