Park Hotels

According to IHCL, with eight new hotel signings, the iconic brand Taj is slated to reach the 100-hotel milestone from 98 hotels currently

ITC group firm Fortune Park Hotels Ltd plans to add 15 new properties with 1,500 rooms in the next two-and-a-half years to its portfolio as part of its expansion across India, according to company Managing Director Samir MC. The hospitality firm, which currently has 42 properties with room inventory of around 3,200, is looking to cater to a strong domestic demand in smaller cities and also from pilgrimage tourism. "In a country like ours, we are very high on domestic travel, and that will just continue increasing at a higher rate than what the inbound would increase. So, definitely for a chain like ours, that's a key factor which defines our strategy of growth," Samir told PTI. Hence, he said, "We look at growing into various parts of the country, whether it's Tier one, Tier two, Tier three." Given the fact Fortune Park Hotels is a "hardcore Indian company", Samir said it understands the Indian consumers, their expectations and the behaviours very well, besides the cultural element

Company currently has an inventory of 1,937 rooms across 22 hotels which it intends to take up to 3,473

The shares of the company are proposed to be listed on the BSE and NSE

The group currently manages 1,750 rooms across properties under two brands -- 'The Park' and 'Zone'