Accor to invest e150 mn, open 40 hotels

MUMBAI: Accor Hospitality plans to set up 40 hotels in the country with an investment of e150 million in the next three years.

“We have an aggressive expansion plan in India and we will have at least 40 hotels in the next three years pan- India,” Accor’s senior V-P development, Asia Pacific, Gaurav Bhushan said. The group plans to have its hotels in Mumbai, Delhi, Hyderabad, Pune and would also stress on mini metros, he said.

Presently, the group has only one hotel at Hyderabad. “There is a huge demand for quality hotels and also budget hotels in the country. We are planning to have about six hotels both luxury and budget by the end of December 2008,” Bhushan said.