AMERICAN property conglomerate, Trump Organization, is going for India’s luxury hotel market with plans to expand into cities including New Delhi, Bangalore and Goa.
The company entered India last year through a joint venture with real estate developer, Rohan Lifescapes, for an upcoming 45-storey luxury residential tower in Mumbai. Trump Organization, whose portfolio consists of properties in the US, Turkey and South Korea, also intends to bring in the Trump Hotel Collection by 2016.
“India, among other emerging markets, is the biggest push for our organisation,” Donald Trump Jr, executive vice president of Trump Organization, is reported to have said at the Hotel Investment Conference South Asia held in Mumbai on April 3-4.
According to reports, the developer is looking at building several residential and hotel projects in India over the next five years, and is close to signing a few deals with Indian developers.
Niche luxury travel consultants hope this will materialise. Rajendra Dhumma, director of Classis Travel and Tours, Mumbai, said: “Indian tourism is in need of more value-add options. We expect the Trump Hotel Collection to add a new dimension to luxury hospitality in India.”
