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.