Sarovar Hotels & Resorts

Infobox Company
name = Sarovar Hotels & Resorts

type = Private
genre =
foundation = 1994
founder = Anil Madhok
location_city =
location_country =
location = Mumbai, India
locations =
area_served = Worldwide
key_people =
industry = Hospitality industry
products = Sarovar Premiere
Sarovar Portico
Hometel
services =
market c

revenue = Rs. 300 crore (2007)
operating_income =
net_income =
assets =
equity =
owner =
num_employees =
parent =
divisions =
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homepage = [http://www.sarovarhotels.com/index.htm www.sarovarhotels.com]
footnotes =
intl =

Sarovar Hotels & Resorts is a privately owned hotel chain in India. It is the 4th largest hotel chain in India with 36 hotels across India and overseas. The company is affiliated with Carlson Hospitality Worldwide. Carlson is a global leader in hospitality services, comprising more than 1,570 hotels, resorts restaurants, and cruise ship operations in 81 countries. The association with Carlson Hospitality makes Sarovar Hotels the master franchisor for the Park Plaza and the Park Inn hotel brands in India. The Company has also launched the domestic brands: Sarovar Premiere, Sarovar Portico and Hometel.

Brands

*Sarovar Premier and Park Plaza - upscale (5 star) segment
*Sarovar Portico and Park Inn - mid-market (3-4 star) segment
*Hometel - 3 star segment for budget conscious travelers with its comfortable rooms priced economically. Sarovar currently has 3 budget hotels.

Future

Sarovar Hotels announced plans to set up 10 new budget hotels including three in the National Capital Region within next 18 months. This is part of the company's plan to add 33 new properties to its chain. [ [http://in.news.yahoo.com/32/20080813/1059/tbs-sarovar-bets-big-on-budget-hotels.html Sarovar bets big on budget hotels] ]

Sarovar Hotels and Resorts will raise Rs 700-Rs 800 crore to fund its expansion plan that involves more than doubling its hotel count to 100 from the current 35 hotels in the country. By the end of 2012, the company will manage a total of 100 hotels and a room inventory of close to 100,000. It aims to boost its top line to touch Rs 400 crore this year and expects a a turnover of Rs 1,000 crore by the end of 2012. [ [http://www.business-standard.com/india/storypage.php?autono=331239 Sarovar Hotels to raise Rs 800 crore through SPV] ]

References