STAYWELL Hospitality Group has plans to expand its current portfolio with two more brands in the second half of 2015. The new brands will operate in the luxury and lifestyle space.
Speaking to TTG Asia e-Daily, Simon Wan, the group’s CEO and managing director said: “The deluxe brand can be compared to a Ritz Carlton while the lifestyle brand can be compared to a W.
“The UK and China will be the two markets where we will launch our new brands first before moving to other key markets like India. We see India as a big market for these brands.”
Mumbai and Sri Lanka are currently being considered as the destinations of choice to set up the company’s new brands.
“India, China and South-east Asian countries like Thailand, Vietnam, Malaysia, Myanmar, and Cambodia will be at the centrestage of our expansion plans. In fact in India where we have signed nine management contracts with two operational hotels, our plan is to sign 30 contracts by 2017,” said Wan.
Rohit Vig, managing director for India of the hotel group, said: “In the next six months, we are opening five more properties in India, two Park Regis in Goa and Jaipur and three Leisure Inn hotels in Thane, Mumbai and Hyderabad.”
StayWell currently operates two brands, mid-scale Leisure Inn and up-scale Park Regis. The company manages 34 properties in markets like Australia, Singapore and Dubai among others and has plans to increase this number to 100 by 2017.
