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Regent talks with MBD for India entry

Regent talks with MBD for India entry
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First Published: Tue, Apr 10 2007. 01 43 AM IST
Updated: Tue, Apr 10 2007. 01 43 AM IST
New Delhi: Luxury hotel chain, Regent Hotels and Resorts, which is part of the US-based corporate giant Carlson Hotels Worldwide, will soon debut in India. It is in talks with the Delhi-based MBD Group, a publishing house that is also into real estate, to set up a luxury hotel in Bangalore.
The hotel will come up in MBD Zephyr, the mixed-use lifestyle destination being developed by the group in Whitefield, Bangalore.
Regent is looking at entering into a franchisee agreement with the group, under which the hotel will be owned by Regent and managed by the MBD Group. The luxury hotel is likely to be known as MBD Regent.
MBD has a similar franchisee agreement with Radisson Hotels and Resorts which is again an upscale brand of the Carlson Hotels. Under this pact, the Group manages the MBD Radisson hotel in Noida in the National Capital Region.
“Managing luxury hotels is our forte and we want to focus on our inherent strength. We are currently in talks with the Regent hotel to manage the luxury hotel within our lifestyle destination MBD Zephyr,” said MBD’s executive director Sonica Malhotra.
Regent hotels are currently located in the US, Europe and the Asia Pacific. In Asia, the hotel is present in China, Singapore, Malaysia, Thailand and Taiwan. The Zephyr project is expected to be completed by the end of 2009. “We have acquired land for the development and work on the project will begin in five months,” Malhotra, said. She however declined to divulge the investment details of the project.
The Zephyr development will be spread over six-eight acres. Besides, a luxury hotel, the development will have a luxury retail area and a premium retail area. The luxury area is likely to house brands such as Gucci, Versace, Chanel, Louis Vuitton with MBD saying it is in the initial stages of talks with several luxury brands.
“We have received a good response from the brands that we have spoken to. We are positive of reaching an agreement with some of the brands,” Malhotra, said.
MBD is also looking at setting up Zephyr in other cities such as Hyderabad and Chennai. In Delhi and Mumbai, the Group is looking at managing luxury hotels and luxury retail space in malls. “Real estate prices in Delhi and Mumbai are very high. In these cities, it makes sense for us to manage property rather than own it,” she added.
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First Published: Tue, Apr 10 2007. 01 43 AM IST
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