These five hotels will be -- Fortune Resort Benaulim Goa, Fortune Park in Hoshiarpur (Punjab), Fortune Park in Tirupur (Tamil Nadu), Fortune Select in Goa, and a Fortune Inn in Haldwani (Uttarakhand)
Fortune Park Hotels, a member of ITC's hotel group, will be opening five properties with over 375 rooms in India by the end of next year, as part of its robust expansion plans in the country.
The company has 38 operating hotels with around 2,900 rooms across 34 cities of India.
"Apart from opening 5 hotels with over 375 rooms across 4 cities of India from our active pipeline by the end of December 2022, we are also in advanced negotiations for a few more projects, some of which are anticipated to open before the end of next year," Fortune Park Hotels MD Samir MC told PTI.
These five hotels will be -- Fortune Resort Benaulim Goa, Fortune Park in Hoshiarpur (Punjab), Fortune Park in Tirupur (Tamil Nadu), Fortune Select in Goa, and a Fortune Inn in Haldwani (Uttarakhand), he added.
When asked about the business model the company follows, Samir said, "While our primary model is currently on managed hotels, we continue evaluating different operating models including franchise model."
About the segments the company is in, he said, Fortune Park Hotels was set up in 1995 to cater to the mid-market to an upscale market segment in business and leisure destinations.
It has clearly defined sub-brands -- Fortune Select, Fortune Park, Fortune Inn, and Fortune Resort -- under which the hotels are being operated by the chain.
"Our portfolio mix comprises 30 per cent hotels in the leisure space and the rest are business hotels or mixed-use. With domestic tourism opening up and the world looking to find unique ways to holiday, our focus on leisure has grown. Most of our future expansion is set around pilgrim and tourist locations and we see a big opportunity in this space," Samir said.
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