Sofitel to acquire 10 more properties in India

Mumbai: Sofitel, the French brand, handled by Accor Group in India, a luxury chain of hotels, is looking to acquire 10 or more prime luxury destination.

Both Sofitel and Accor Group are forming a JV to buy all the properties.

Sofitel globally has 120 properties of which 40 are located in the Asia Pacific Region. The firm has one luxurious property and two hotels in Mumbai which will be operational by the 2017.

Sofitel has a man force of 5,000 in India but it is also expected to be doubled when it will acquire the other properties.

The French brand is thinking to acquire 10 or more properties in India, to increase their business in the growing economy in couple of year’s time.

The luxury brand is looking for more construction and branding in all major cities of the country like Delhi, Mumbai, Chennai, Kolkata, Goa , Bangalore etc.

Sofitel is all about luxury, so the firm focuses on elegancy and sophistication in their premier hotels and resorts.

The luxury brand is very eager to acquire land and will start all the constructions as quick as possible.

The company had to face huge challenges in India in the name of license required for every thing and the lack of skilled work force is also another hurdle for the firm to do business.

Leave a Reply

Your email address will not be published. Required fields are marked *