Partnership spans 3 projects with Wyndham Hotel Groups brand Ramada® near Mumbai, Bangalore and Pune to be rolled out over the next three to five years.
Bangalore, 20th October 2014: Bangalore based real estate major, Expat Group, has announced a partnership with Wyndham Hotel Group, the world’s largest hotel company with over 7,540 hotels and a part of Wyndham Worldwide Corporation (NYSE:WYN), for their brand Ramada®, to develop a set of three, top of the line resorts, at their weekend home projects located at Pali, Lonere and Dharmapuri near Mumbai, Pune and Bangalore respectively. The total land area under development surmounts to more than 400 acres across the three townships.
Nestled conveniently a couple of hours from their respective city centers, these projects collectively offer approximately 350 rooms. These resorts are an integral part of the plans to create an integrated community of weekend getaways and provide happy memories for busy upwardly mobile families with a full range of services like golf courses, adventure sports, sports clinics, wellness centers, assisted living and even a residential school. Pricing for these residential gems is set between 18-25 lakh range and home owners, corporate houses and real estate investors have the option of getting a steady revenue stream from their investments.
According to Mr. Henry D’Souza, CEO Expat Leisure and Resorts, Expat Group, “we expect The Weekend Homes and the Leisure and Resorts arm of the company to be a key driver of growth for us as the market and audience maturity in India makes it a viable option for the burgeoning middle class. For us at Expat, weekend homes, resorts, clubs and sports means enhancing the family experience of our customers, while at the same time boosting their real estate portfolio. We are confident that this prestigious partnership will transform these weekend destinations into recognized landmarks in the coming years.”
Providing the Wyndham Hotel Group perspective, Deepika Arora, Regional Vice President - Indian Ocean, Wyndham Hotel Group said, “We have a portfolio of well-respected and globally recognized brands that span the hospitality spectrum, with a particularly strong presence in the economy and midscale segments. The addition of these new Ramada hotels helps us continue to cater to increasing demand for global brands here in India. We believe that the key to our success here in India lies in the strategic relationships we have forged with our partners that we are looking to further nurture and expand. This strategic and long term partnership with the Expat Group means that customers get the best of both worlds – excellent locations combined with the world renowned Wyndham hospitality. The partnership expands our footprint in India and gives us a unique chance to cater to the globally aware and demanding Indian audience.”
With weekend getaways becoming a natural extension of the aspiring nature of the Indian family with growing wealth, these projects are ideal destinations from both a lifestyle as well as an investment point of view.
For more information on The Expat Group, visit: www.expat-group.com