Mumbai: Keys Hotels, the main brand of Berggruen Hotels Pvt. Ltd, will use franchises to expand the number of properties in its portfolio to 100 in the next five years.
At least 20 franchise properties will be added in the next financial year, said Sanjay Sethi, managing director and chief executive officer.
The company also plans to enter markets such as Sri Lanka, Bangladesh and elsewhere in South Asia. Keys Hotels currently has 12 properties across India—six of which it owns, with the others being managed by the company.
Keys Hotels will have nine more properties—two owned and seven managed—by the end of this financial year.