What’s more, a larger number of rooms seem to be order of the day in the Indian hospitality sector. French hotel chain Accor has entered into a JV with the Indian unit of Dubai-based Emaar Properties (the largest Arab real-estate company by market value) with a view to set up 100 budget hotels in India. This JV, it has been reported, will invest $300 million over the next 10 years to roll out 10,000 hotel rooms in India.
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Source : IIPM Editorial, 2007
An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative
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