Tata Group is planning to invest Rs600 crore (US$107 million) to open 55 hotels under its Ginger brand across India.
Tata Group, Mumbai, India, said Roots Corp., a wholly owned subsidiary that operates the Ginger hotel chain, will expand the brand via development, acquisition and management contracts.
“While we will open multiple hotels in bigger cities like Delhi, Mumbai, Chennai and Kolkata, we are also looking to set up properties in smaller places like Nagpur, Patna, Coimbatore and Kochi,” Prabhat Pani, Roots Corp. CEO, told Business Standard. “If any existing facility fits into Ginger model, then we are open to acquire and convert it.”
Pani said that the average size of the new Ginger hotels will be 100 guestrooms.