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Bird Hospitality eyes up to Rs 400 cr revenue in next 5 yrs

Bird Hospitality eyes up to Rs 400 cr revenue in next 5 yrs
PTI
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First Published: Sun, Jul 03 2011. 12 22 PM IST
Updated: Sun, Jul 03 2011. 12 22 PM IST
Mumbai: The hospitality arm of Bird Group, Bird Hospitality Services (BHS), which recently acquired the Royal Park Hotel in London, is eyeing up to Rs 400 crore revenue in the next five years from its proposed five properties.
“We are developing five luxury hotels in the country in a joint venture with Dusit Thani Group of Thailand. On completion we will have over 1,000 rooms and are targeting Rs 350-400 crore revenue in the next five years from these proposed properties,” Bird Group executive director Ankur Bhatia told PTI here.
Dusit Bird Hotels will open its first hotel, Dusit Devarana, in New Delhi, by the end of this year, he said, adding that others will come up in Rishikesh, Jaipur and Goa.
“After opening the Dusit Devarana, we are targeting to open one property every year. We have committed $450 million for developing these five luxury hotels.”
Besides these five properties, Dusit Bird Hotels has also entered into managing third-party properties, Bhatia said adding that company has already signed a deal to manage a hotel in Goa.
This property in Goa will be operational in the next three years.
“We are also in talks with a few more potential companies for such ventures,” he added.
Recently, the Bird Group acquired the landmark Royal Park Hotel next to the famous Hyde Park in Central London, in its first overseas hotel acquisition.
“We are looking at similar overseas opportunities,” he added.
BHS is also looking to introduce popular mid-market and fine dine restaurants in India.
“We are in talks with several global restaurant brands and will take a decision after proper due diligence,” he said.
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First Published: Sun, Jul 03 2011. 12 22 PM IST