ABS Hotels Plans Smart Hotels Project In Eight Cities

ABS Hotels India is all set to launch a budget brand ‘Smart Hotels’ with plans to open it in eight cities within the next two years at an investment of Rs 100 crore. Ashok Aneja, the group’s chairman, informed that the group wants to expand in the budget and resort markets.

“Smart Hotels will come up in Goa, Jaipur, Bengaluru, Pune, Gwalior, Bhopal, Lucknow and Delhi. The properties will be owned and managed by us with no external borrowings whatsoever to fund the projects,” Aneja said.

The company is also planning to grow its resort brand – Roop Hotels & Resorts – with another property lined up at Gir National Park in Gujarat in addition to the existing Roop Resorts in Jim Corbett National Park and Kumaon (Nainital) region. “We expect to tap the resort locations in Uttaranchal, Dehradun and even have Roop Hotels in Bengaluru and Dehradun,” he added.

ABS Hotels India started as a master franchisee of US-based Microtel Inn & Suites for India and has developed three three-star hotels in Bengaluru, Jaipur and Mumbai under the brand. The brand had earlier planned to construct 20 hotels in India but later stalled the plan. ABS Hotels has now grabbed the opportunity to establish its own brand with the same plans that were made with Microtel. “We have the rights on the drawings and plan of the hotels and are taking the project forward,” Aneja stated.

The company owns land banks where it would also be considering developing hotels. It has also ventured into serviced apartments segment with its 42-room Roop Residency coming up in Bengaluru this year with an investment of Rs 20 crore, he summed.

6 Comments

  1. Posted June 9, 2008 at 4:55 am | Permalink

    India has “enormous potential in all its property investment categories”. Strong population growth, a large pool of qualified workers, greater integration with the world economy and increasing domestic and foreign investment are fuelling demand for office, retail and residential property. India’s burgeoning middle class will drive up nominal retail sales through 2010 by 10% p.a. At the same time, organised retail is becoming more important. At present organised retail accounts for a mere 3% of the total; by 2010 this share will already have reached 10%.India is the prime destination for IT services outsourcing. In the coming five years, at least 55 million m² of extra office space must be completed in the premium office segment alone. Property investments in India are not risk-free. Market transparency is far behind European or US standards. It is therefore vital for foreign investors to have a professional local partner. The lack of liquidity and upward pressure of pricing remain the main concern within the market.For more view- realtydigest.blogspot.com

  2. Raja Sen
    Posted June 9, 2008 at 5:57 am | Permalink

    ABS hotels had a fraudulent director by the name of Amrish Bhuwania.
    If anybody deals with him they will be doing so at their risk.
    I hope he is no longer with the company. He is a crook numero uno-a con man

  3. Posted June 20, 2008 at 1:27 am | Permalink

    India is beginning to make news worldwide. It’s just the right time to think India. There’s a new sense of confidence in Indian business. This confidence arises from the growing success of Indian enterprise in the face of competition in an increasing number of sectors. The India growth story is going stronger than ever. Favourable demographic and psychographic changes relating to India’s consumer class, international exposure, availability of quality retail space, wider availability of products and brand communication are some of the factors that are driving the retail in India. Real estate consultancy Jones Lang Lasalle Meghraj has identified 50 Indian cities that are likely to witness most of the retail action over the next couple of years — both in terms of development of malls and advent of organised retailers. And Jaipur, Lucknow and Kochi find mention among cities poised for “high growth.The world is now looking at India as the nation of the future. More significantly, India is well on its way to emerging as a first-world economy in the fields of information technology (IT), biotechnology, pharmaceuticals and the automotive sector, pushing the thrust now on to the retail sector to facilitate the creation of a new surging modern India. The real estate boom in India will not only propel the economy to sustainable heights, but will also generate employment for several millions. It is strongly expected that the growing Indian economy and growing opportunities will ensure that the foundation is laid for India’s tryst with destiny and for it to be fully integrated into the world economy.For more view- realtydigest.blogspot.com

  4. Pune Suites
    Posted June 25, 2008 at 2:49 am | Permalink

    Its great to know that Pune is growing very vast in the market especially with the ventures of new hotels and suites.

  5. Pinaki Sett
    Posted January 3, 2009 at 4:41 pm | Permalink

    ABS hotels: Can some body help with some names to contact (operators) of ABS hotels- if they are looking for investers abroad to join them in their venture.
    P Sett

  6. azure n
    Posted January 14, 2009 at 10:56 am | Permalink

    we have also been cheated by the same person. can u share your details so that we can possibly contact you on this matter and proceed further to prosecute & recover from him. thanks

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