JNB Will Open 50 Hotels Across The Country By 2015

US-based real estate management, investment and development consortium, JNB Investments LLC, has forayed into the Indian hospitality market, with plans to set up 50 hotels in the country by 2015. The company will invest about Rs 2000 Crore in the development, which will be collected through internal accruals and other sources of funding.

JNB will develop properties in the five, four and three star segments. The first few properties will come up in Kochi, Bengaluru and New Delhi. The venture capitalist company is a strategic partner in the joint venture between Interstate Hotels & Resorts and JHM Hotels, for development in the Indian market. The joint venture called JHM Interstate Hotels India, will manage the group’s Indian development initiatives.

Talkint exclusively to Hospitality Biz, T J Barring, President, JNB Investment Company states, “We are aggressively considering hotel development in the tier two cities of India”. JNB is also considering expansion of its hospitality business at potential locations in Mumbai, Goa, Chennai, Amritsar, Calicut, Visakhapatnam and Jalandhar.

One Comment

  1. y smit
    Posted September 12, 2008 at 2:12 am | Permalink

    dear we planed setup 130 indusel pool vill’s 5 star resort spa &golf etc we allready get licins govt of deport,at india in banglore at world feams heareteage center hassan we have 40 acor coffe gorden ,in side 3 acor leak for boatinig,use, 8 accr land use for commrcil porpouse so we want joint veanture cal 09886106230

Post a Comment

You must be logged in to post a comment.