Donald Trump plans 30 hotels globally by 2020
The luxury hotel brand will target gateway cities like Mumbai, Delhi, Bangalore and Goa; while 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%
Aug 25, 2014
Source : The Economic Times
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%.

Latest Realty News

'NRKs fuelling property prices by 30%'
Aug 25, 2014
Non-resident Keralites (NRK) are fuelling Kochi house prices by 30%, said P S N Rao, chairman of National Association of Realtors-India (NAR-India), the national federation of associations of real estate agents in 25 cities of the country
Residents protest faulty tax notices
Aug 25, 2014
Around 200 residents of sectors 55 and 56 have complained about anomalies in the house tax notice served to them
Pollution: Closure notice to 9 Puri hotels
Aug 25, 2014
The Odisha State Pollution Control Board (OSPCB) has slapped closure notices on nine hotels in Puri and one in Bhubaneswar
Violence over 'land grab' protest, roads blocked
Aug 25, 2014
Violence erupted at Kalinga Institute of Social Sciences (KISS) here on Sunday following a scuffle between a group of its students with some senior citizens and mediapersons. A TV journalist, Raghunath Sahoo, sustained head injuries
Land deals expose 'Saradha-state' nexus
Aug 25, 2014
Saradha CEO Sudipta Sen could do what Sajjan Jindal's JSW couldn't. Sen, by his own admission to the Shayamal Sen Commission, acquired 260 acres in prime locations of Bengal, Assam, Odisha and Himachal Pradesh, which is significant for any business group
Mid-income housings go green
Aug 25, 2014
The green building movement is set to get a fillip in Kolkata with at least two real estate companies in the affordable housing space committing that all its projects will conform to the green norms
TN gives big infra push to Coimbatore
Aug 25, 2014
Chief minister J Jayalalithaa today announced a slew of projects worth more than Rs 2,000 crore which would bring new amenities and infrastructure upgradation in the industrial and textile city of Coimbatore
Kolte-Patil Developers eyes 30% revenue from Mumbai market
Aug 25, 2014
Betting big on the Mumbai's residential redevelopment market, Pune-based realty player Kolte-Patil Developers is expecting nearly 20-30 per cent of its revenues from this market in the next three years
DLF ordered to pay Rs 6 lakh to buyer in failed project
Aug 23, 2014
Real estate firm DLF has been asked to pay Rs 6 lakh to a man, who had booked a flat in its project which failed to take off, by a consumer forum here which held it guilty of deficiency in service and "unfair trade practice
Fresh tax notices to be served on 1 lakh property owners
Aug 23, 2014
The MCG is the process of issuing fresh house tax notices to around one lakh property owners in Gurgaon, after noticing discrepancies in their self-assessment forms

Latest Realty News Of State

Realty Talk's