Royal Tulip opens in Mumbai15 August 2012
Louvre Hotels Group has the opening of its first 'Royal Tulip' property in Navi Mumbai and says it is eyeing around 50 properties with about 5,000 rooms by calendar year 2015 under its various brands.
"At present we have 1,000 rooms spread across our brands - Tulip Inn and Golden Tulip, and another 97 rooms with the opening of Royal Tulip in Navi Mumbai," Louvre Hotel Group Managing Director (South Asia) Vimal J Singh told reporters.
"We are targeting 8-10 properties every year under these three brands and are aiming about 50 hotels by 2015," he said.
The group which developed Royal Tulip in South Asia, is also looking to develop another two under the same brand in Goa and Bangalore.
"We are looking at several properties in Goa and Bangalore. But nothing has been finalised yet. We hope some concrete development soon," he said.
From the new hotel in Navi Mumbai, the company is initially aiming for 50% occupancy in the first year of operation and 60-70% in the third and fourth year of operation.
Accor last week opened an Ibis branded hotel in Navi Mumbai.