Duet India Hotels to invest $200 million to acquire hotel properties

Duet India Hotels in partnership with Intercontinental Hotels Group (IHG), which owns international brands such as Holiday Inn and Crowne Plaza, will be acquiring 10 more hotel properties in India by investing nearly $200 million, according to a top official.

Talking to The Hindu, Naveen Jain, President, Duet India Hotels  said, “We have already acquired nine properties. Six hotels are operational and three more hotels will start functioning in three years’ time. Besides, we are scouting for properties to set up 10 more hotels. So far, we have invested $300 million and are in the process of investing another $200 million. Duet India Hotels had entered into a 20-year joint venture with IHG to develop a portfolio of 19 Holiday Inn Express hotels.

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About RezNext

RezNext is the world’s only true Real-Time Distribution Management Solution provider. It empowers hotels to adopt a distribution strategy that simplifies the complex global distribution environment and makes it understandable and manageable. It is integrated with revenue management, operating intelligence and powered with reputation management insights. RezNext’s portfolio of offerings include Rate & Channel Manager, Revenue Management, Online Reputation Management, Website Designing and Web Booking Engine, Mobile solutions, Central Reservation System, Business Intelligence, Property Management System (PMS) two-way connect, GDS and OTA Interface and Loyalty & Feedback Management. Our growing range of solutions can be access by hospitality properties across market segment and size, such as independent hotels, chain hotels, business hotels, resorts, clubs, service and limited service apartments, spas, restaurants and others.
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