Interstate Hotels & Resorts Announces Management of Two Four Points by Sheraton Hotels in India
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Interstate Hotels & Resorts Announces Management of Two Four Points by Sheraton Hotels in India
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Category: Asia Pacific - India - Industry economy
- Hotel projects
This is a press release selected by our editorial committee and published online for free on 2011-05-02
Adds Properties in Pune and Vizag to Growing Management Portfolio
Interstate Hotels & Resorts today announced that JHM Interstate Hotels India, a 50/50 joint venture management company between Interstate and JHM Hotels, has opened and is managing two new-build hotels in India: the 217-room Four Points by Sheraton hotel in Pune and the 123-room Four Points by Sheraton hotel in Visakhapatnam (Vizag).
The Four Points by Sheraton Pune is owned by Duet India Hotels (Pune) Private Limited, a subsidiary of U.K.-based, real estate investment group Duet Hotels, dedicated to hotel investment and development in India. The Four Points by Sheraton Vizag is owned by Vishnupriya Hotels & Resorts Private Limited, a regional development company based in Visakhapatnam, India.
“The opening of these two properties represents our second and third properties under management since we formed our joint venture with JHM Hotels and launched our third-party management platform in India,” said Thomas F. Hewitt, Interstate’s chairman and chief executive officer. “Our business model, focused on local contacts and in-country experience, has translated well to India and enabled us to establish a strong operating platform there. Working with Duet Hotels, our largest hotel owner and investment partner in India, and JHM Hotels, our JV partner, we have developed a robust pipeline of third-party management opportunities in India. We are also proud to be expanding our management relationships with such highly respected regional developers as Mr. K. Sarat Kumar Reddy, managing director of Vishnupriya. We expect to see continued vigorous growth in 2011 and beyond.”
Lloyd Lauland, executive director, JHM Interstate Hotels India, noted that JHM Interstate Hotels India offers significant competitive advantages. “We have unparalleled international experience, a proven management track record, depth of resources, strong local ties and strong relationships with all the major hotel brands.”
“JHM Hotels is opening Auro University of Hospitality and Management in Surat, India in 2011,” said HP Rama, chief executive officer of JHM Hotels. “As JHM Interstate continues to expand in India, Auro University will become a platform for our company both to source exceptional talent for our hotels and to continue to train our corporate team in cutting edge hospitality practices. JHM Interstate is focused on its long-term future in India and education is a key to that success.”
Interstate and JHM Hotels have an equity interest in Duet.
Four Points by Sheraton Pune, Nagar Road
Four Points by Sheraton Pune, which opened in February, is situated on a key link road into central Pune and easily accessible to the city’s airport, all major freeways, plus a host of corporations, schools, shopping, entertainment and attractions. The 217-room hotel, including 48 serviced apartments, features two food and beverage outlets, lounge bar, business center, outdoor pool and spa and nearly 10,500 square feet of meeting and function space. Guest rooms offer Four Points by Sheraton Four Comfort™ Bed, high speed Internet access and modern amenities, with one-bedroom and studio suites available for extended stays. Pune is one of the largest cities in India and is rapidly emerging as the center for information technology and manufacturing companies.
Four Points by Sheraton Visakhapatnam
Four Points by Sheraton Visakhapatnam (Vizag), which opened March 1, is the first hotel to carry the name of an international brand in the city’s history. The hotel is centrally located in the heart of Vizag’s business district, yet remains convenient to the area’s pristine beaches, shopping, restaurants and other popular attractions in this emerging second-tier city. The 123- room hotel features two restaurants, lounge bar, business center, health club, outdoor pool and spa, and 6,232 square feet of flexible meeting and function space. Guestrooms offer the Four Points by Sheraton Four Comfort™ Bed, flat-screen TVs and high speed Internet access. Known as the Jewel of the East Coast, Vizag is a major port and is the hub of India’s oil and gas industry. It is the second largest city in the state of Andra Pradesh on the east coast of India with a population of approximately 1.3 million. Located in the foothills of the Eastern Ghats, Vizag faces the Bay of Bengal to the east.
About JHM Interstate Hotels India Pvt. Ltd.
JHM Interstate Hotels India Pvt. Ltd is a 50/50 joint venture partnership between Interstate Hotels & Resorts, Inc. and JHM Hotels. It is headquartered near New Delhi, India, with a fully staffed resource center in Gurgaon, Haryana. The management team in Gurgaon provides expertise in all aspects of hotel operations, including sales and marketing, food and beverage, information technology, human resources, construction and design, finance and quality assurance.
About JHM Hotels
JHM Hotels, Inc., a premier lodging company based in Greenville S.C., has developed, acquired, owned and operated hotels throughout the United States for more than 30 years. The company currently owns and operates 40 hotels in the United States and India with more than 6,300 guestrooms, operating under such well-known brands as Marriott, Hilton, Starwood and Hyatt.
About Interstate Hotels & Resorts, Inc.
Interstate Hotels & Resorts, Inc., a wholly owned subsidiary of a 50/50 joint venture between subsidiaries of Thayer Lodging and Jin Jiang, is the nation’s largest independent hotel management company based on revenue managed. The company and its affiliates manage and/or have ownership interests in 337 properties with more than 62,000 rooms in 39 states, the District of Columbia, China, Russia, India, Mexico, Belgium, Canada, Ireland and England. The company has ownership interests in 56 of those properties, including six wholly owned assets.
Interstate offers third-party hotel management on a global basis, providing the resources and infrastructure necessary for comprehensive hotel management operations, including sales and marketing, revenue management, food and beverage operations, e-commerce, accounting, procurement and construction project management services for hotel owners and developers seeking a proven and experienced hotel management company.
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