After running the premium Taj hotels for decades, the Tatas have entered the budget accommodation sector. Indian Hotels’ subsidiary Roots Corp opened its first ginger property in Delhi in collaboration with Indian Railways by converting the Rail Yatri Niwas near New Delhi station into the Ginger Rail Yatri Niwas.
This hotel was built in 1988 to offer accommodation to train passengers at reasonable prices. On a PPP model, this hotel has been given to Roots Corp for 15 years on a revenue share basis. The company has renovated this place at a cost of Rs 10.5 crore and now is aiming at several other such properties in the NCR.
Roots CEO Prabhat Pani said: “My wishlist is to have five to 10 gingers in the NCR with government support in places like here, Noida, Gurgaon and Ghaziabad.”
He also added that, “If we get good support, we would like some of these properties here to become operational before the Commonwealth games in 2010.” Ginger has 12 properties across the country and this number will swell to 15 in next two months with the opening of hotels in Delhi, Goa and Ludhiana.
Source:
http://timesofindia.indiatimes.com/
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