Donald Trump, US Real Estate Billionaire
MUMBAI: Trump Hotel Collection, the wholly-owned hotel management company of the US real estate billionaire Donald Trump, plans to have 30 hotels globally by 2020 and India will be a major contributor towards this tally.
"Post the recent elections, we are seeing a return of investors looking particularly towards luxury hotel projects," Shafi Syed, vice-president of development and acquisitions, Trump Hotel Collection, told ET.
In India, the luxury hotel brand will target gateway cities like Mumbai, Delhi, Bangalore and Goa and is having discussions with builders who are looking to develop mixed-use projects that have a luxury hotel as well as branded real estate for sale.
"There's no hospitality brand that has the strength to deliver success in both real estate and hospitality like Trump," said Syed.
The Trump Hotel Collection owns some of its hotel properties globally. However, the luxury brand will focus on management contracts as a route to expand in the country.
When asked about the brand's entry into India at a time when the market already has several established players and a strong supply of branded rooms, Syed said, "Hospitality is a cyclical industry and by entering India at a relatively difficult time also means we get ourselves in pole position for the next 'up cycle'".
"Coming into India with the right development partner, location and the right deal structure is crucial, this takes time," he added. India is expected to have about 1,44,000 branded hotel rooms by 2017-18, out of which luxury and upscale hotels will contribute almost 40%.