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Atharva Hotels & Resorts Inks Management Contract for 5215 Keys
Atharva Hotels & Resorts Inks Management New Delhi (India), February 3: Atharva Hotel Superfluities India Private Limited marked as Atharva Hotels & Resorts group has embarked on an ambitious plan to put into operation more than 5,000 hotel rooms under their management (operational and under development). Taking their first step in that direction, Atharva Hotels & Resorts recently announced […]
Atharva Hotels & Resorts Inks Management
New Delhi (India), February 3: Atharva Hotel Superfluities India Private Limited marked as Atharva Hotels & Resorts group has embarked on an ambitious plan to put into operation more than 5,000 hotel rooms under their management (operational and under development). Taking their first step in that direction, Atharva Hotels & Resorts recently announced its first hotel in association with IHG under their VOCO Hotels banner in Gurugram. The Delhi NCR-based group is focused on working as a zero-debt organization. Keeping that in mind, they are focused on following the model of being asset-light and having long lease understandings with reputed builders.
Having already signed up a management contract of 5,215 rooms, the group has put together a comprehensive plan in place that will be a win-win for all the stakeholders involved, including the travelers. On the development front, the shell work and facilities have been completed for most of the properties and only interiors and soft furnishing is pending. “Atharva has entered into a formal understanding for the operation of 2,585 rooms with Omaxe Builders. Under their agreement, Atharva will operate 540 rooms in Lucknow, 984 rooms in Greater Noida and three properties in New Chandigarh (the medical city) totaling 1061 rooms,” informed Mr. Prawal Choudhary- Chairman, Atharva Hotels & Resorts.
