Active Stocks
Tue Mar 19 2024 15:58:41
  1. Tata Consultancy Services share price
  2. 3,977.55 -4.03%
  1. Tata Steel share price
  2. 148.65 -0.64%
  1. Bharti Airtel share price
  2. 1,227.85 0.23%
  1. Power Grid Corporation Of India share price
  2. 258.95 -2.28%
  1. ITC share price
  2. 409.50 -1.89%
Business News/ Companies / News/  Hilton to bring Conrad brand of hotels to India
BackBack

Hilton to bring Conrad brand of hotels to India

The first Conrad hotel will come up in Pune in Maharashtra next year

The 310-room Conrad in Pune will be Hilton’s fifth brand and its eleventh property in India.Premium
The 310-room Conrad in Pune will be Hilton’s fifth brand and its eleventh property in India.

New Delhi: Hilton Worldwide has entered into a management contract with Palm Grove Beach Hotels Pvt. Ltd, a part of the K. Raheja Constructions Group, to bring its first ultra luxury premium brand, Conrad, to India.

The first Conrad hotel will come up in Pune in Maharashtra next year.

Hilton Worldwide owns and runs 10 brands globally, of which four—Hilton Hotels & Resorts, DoubleTree by Hilton, Hilton Garden Inn and Hampton by Hilton—are present in India.

The 310-room Conrad in Pune will be Hilton’s fifth brand and its eleventh property in India.

“Pune is a key gateway destination and we are delighted to establish our brand’s presence in India, one of the key strategic growth markets for Hilton Worldwide...," said John T. A. Vanderslice, global head of Luxury and Lifestyle Brands, Hilton Worldwide.

“The signing of this agreement reiterates our commitment to developing Hilton Worldwide’s portfolio of brands in India," said Martin Rinck, president, Asia Pacific, Hilton Worldwide.

The companies did not disclose the investment on the Pune project, but according to industry estimates a premium luxury room costs in excess of Rs1 crore.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 04 Feb 2014, 11:46 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie