Railway Hotels Starting Up in India, and AirAsia’s Founder is Bidding For Them
These budget hotels on prime properties near railway stations in India will be a very lucrative business, and expect the bidding to be very competitive.
Excerpt from DNA India
Hospitality companies including Tune Hotels, owned by AirAsia promoter Tony Fernandes, are in the race for setting up hotels at 14 sites near key railway stations across the country…in Jammu, Allahabad, Haridwar, Udaipur, Jodhpur, Gwalior, Indore, Jabalpur, Raipur, Digha, Siliguri, Hubli, Madurai and Kannur.
With railways offering hotel developments on their land parcels, industry experts said a huge opportunity awaits the hotel chains operating in India…Tata Group’s Ginger, Accor’s Formule 1 and Lemon Tree’s Red Fox are the other major players in the budget hotel segment, and are likely to participate in the bidding process as well.