Choice Hospitality India now a Wholly-Owned Subsidiary

Choice Hotels International has announced its approval of acquiring the remaining 60 per cent stakes of Choice Hospitality (India) Ltd. The announcement coincides with the company’s sponsorship of the Hotel Investment Forum India Conference that would be taking place in Mumbai this week. In this conference, Stephen P. Joyce, President and CEO, Choice Hotels International would be participating on the Hotel Leaders Forum.

As told to Ramanjit Kaur of FIHL, “We plan to focus extensive development resources on growing our presence in India, which now stands at 28 hotels. India is an extremely important key market for our global growth and we are looking forward to the great development potential that it holds for our brands and our hotels.”

Choice Hospitality India serves as the master partner and franchisor for the brands of Choice Hotels in India and after the completion of the transaction, the entity will be operated as a wholly-owned subsidiary. “We are delighted about this transition, as this recent change for Choice Hospitality India speaks of the strong confidence Choice Hotels International has in its ability to grow the presence of its brands in India,” says Vilas Pawar, CEO, Choice Hospitality India. As a wholly-owned subsidiary, Choice Hospitality India’s franchisees will now be able to take advantage of the comprehensive menu of resources and excellent executive-level attention from Choice Hotels International.

Commenting on the transition, Mark Pearce, Vice President, International Operations, Choice Hotels International says, “We truly believe that this move will be tremendously beneficial for all the parties that are associated with Choice Hotels International, Choice Hospitality India and its current and prospective franchisees.”