Carlson bets big on India

Carlson Hotels Worldwide (CHW), a leading global hotel chain with operations in more than 1,060 locations in 77 countries, has drawn up aggressive expansion plans for India. To be implemented in the next three years, the plan envisages to add 50 hotels to its present portfolio of 28 across its four brands namely Radisson Hotels & Resorts, Country Inns & Suites, Park Plaza Hotels & Resorts and Park Inn.

Besides, Carlson is also introducing its luxury brand ‘Regent Hotels & Resorts’ in India under which it will be operating a hotel with 160 guest rooms and suites in Gurgaon by 2013. It has tied up with real estate major Pioneer Urban Land and Infrastructure which is developing the property.

The growth plans for India, which were well under way, would strengthen Carlson’s position as the largest and fastest-growing international hotel operator in the country by number of hotels, according to Hubert Joly, President and CEO of Carlson. “We are optimistic about India and its growth prospects as a leading emerging economy,” he said.

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Residential property to play a major role in revival of real estate sector

As the year 2010 begins , it is heartening to note that homebuyers are taking the lead in reviving the realty market. Looking forward, it is almost certain that the residential sector will continue to play a major role in shaping future growth in the sector. For homebuyers, this also means that developers are going out of their way to woo customers , with projects to suit different tastes and budgets.

Talking about the phenomenon , Kaustuv Roy, executive director, India, Cushman and Wakefield, the international property consultants says, “Post meltdown, the residential sector has been the fastest to recover with stabilisation of prices being the major factor. The oversupply percentage was lower compared to other sectors, where estimates were much higher than the actual demand.”

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