The Caterer
Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Millennium & Copthorne Hotel Group to enter India market

09 April 2008 by

Millennium & Copthorne (M&C) hotel group has joined up with Indian firm Rakindo Developers to develop hospitality projects in India.

The move marks M&C's first entry into India, where it plans to develop two hotels in Chennai and Bangalore.

The two firms are also looking to develop hotels in Southern India.

M&C's two new hotels will be aimed at business travellers, with the 120-room Chennai hotel planned to open in 2009 and the 300-room in Bangalore in 2010.

Room prices in India have seen "aggressive Revpar growth" due to the shortage of hotel accommodation in key cities, according to recent figures released at the Arabian Hotel Investment conference (AHIC).

M&C chairman, Kwek Leng Beng, said: "The group's first foray into India is to take advantage of the rapid growth of the Indian economy. With very high room rates throughout India, we believe there is demand for a well-designed product catered to the business traveller who may be unwilling to pay five-star hotel rates."

Ex InterContinental man to head up Millennium & Copthorne
Millennium & Copthorne chief executive quits after six months

E-mail your comments to Gemma Sharkey here.

The Caterer Blog](http://www.caterersearch.com/blogs/catering-news-blog/) Catch up with more news and gossip on the Caterer Blog here
[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking