Carlson Rezidor Hotel Group, one of the world’s largest and most dynamic hotel groups announced the signing of a portfolio agreement with Mushtaq Group of Hotels to open seven hotels comprising 817-rooms under the Radisson Blu, Radisson and Country Inns & Suites By Carlson SM brands, in the northern Indian state of Jammu and Kashmir. The seven hotels will be located in the main gateway markets throughout the state and will position Carlson Rezidor Hotel Group as the largest international hotel operator in Jammu and Kashmir. The first hotel is expected to open in the fourth quarter of 2016 in Srinagar.
“This Multiple-Hotel Portfolio” deal underscores the rapid rate of Carlson Rezidor’s expansion and reinforces our leading position in India, a key market that we remain deeply committed to. We are pleased to be forging a new partnership and will be employing our proven strategy of signing conversions.” said Thorsten Kirschke, president, Asia Pacific, Carlson Rezidor Hotel Group.
Raj Rana, chief executive officer, South Asia, Carlson Rezidor Hotel Group added, “The region enjoys strong domestic leisure demand and is home to some of the most visited leisure destinations in India. Integral to our growth in India is an emphasis on expanding in leisure markets and state capitals. With
the signing of this portfolio, we will make roads into the summer and winter capital
of Jammu and Kashmir.”
“We are excited to tie up with Carlson Rezidor Hotel Group. We are a leading hospitality group with ownership across all major locations in Jammu & Kashmir. We have grown rapidly during the last decade and aim to continue this momentum. I am confident our partnership will accelerate realization of our vision,” said Mushtaq Chaya, chairman, Mushtaq Group of Hotels, that has interests in hospitality and commercial real estate development.