Chatwal inks key pact with Wyndham Hotel Group
NRI hotelier Sant Chatwal has signed an agreement with the world's largest hotel group Wyndham, which will now have exclusive rights to franchise and manage his dream and night boutique brands globally.
Alternatively, Chatwal Hotels and Resorts will help Wyndham, a part of the Wyndham Worldwide family of companies, expand its business in India.
This marriage will help their diverse brand portfolios and focus on meeting guests' needs with a hotel product for every kind of traveller — luxury to budget, Chatwal, chairman and CEO of Chatwal Hotels and resorts, and Eric A Danziger, president and CEO of Wyndham Hotel Group, said addressing the international media here last evening.
"The relationship with Wyndham will unlock the true potential of dream and night brands, which have proven their success in key markets like New York and Bangkok during the last six years and are keen to further expand globally," Chatwal said.
Chatwal Hotel Group has 11 hotels with 3,000 rooms in every block of midtown Manhattan of New York City, such as The president, Time, Night, Hilton Garden, Dream Downtown and Hamptons. In addition, it has hotels in Bangkok and Cochin, while the art-deco inspired Dream South Beach is getting ready in Miami Beach in Florida.
Wyndham Hotel Groups has 7,200 hotels in 67 countries and 15 brands under its belt, while it has just 26 hotels in India compared to 400 in China.
Chatwal Hotels will help Wyndham set up classy hotels in major cities and tourist resorts where the room rent would be $100 (Rs 4,500) per night as against the prevailing market rate of $250 to $500 per night in luxury hotels.
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