Louvre Hotels Group, the fifth largest hotel group in the world, has partnered with Indian firm Orange Tiger Hospitality to bring its midscale full-service brand Kyriad in India.
Louvre Hotels and Orange Tiger are planning to launch 15 Kyriad hotels by the end of this financial year. They further look to introduce 20 more hotels in the next 2 years.
The agreement further encompasses opportunities for development in Nepal, Sri-Lanka, Bangladesh, Bhutan, The Maldives, Pakistan and Mauritius.
Saurabh Chawla, Global Chief Development Officer of Louvre Hotels Group, said, "Our goal is to become one of the top hospitality group by 2023. This calls for a strategic approach to countries with high growth potential such as India, where we introduce new brands that complement our existing presence and as always are tailored to address the needs of domestic and international, business and leisure travelers."
Abhijeet Shrivastava, CEO of Orange Tiger Hospitality, said, "The demand for midscale full-service hotels is ever growing in India and over the past few years, the liking for an International brand is on an upswing. With our expertise in managing the hotel operations as well as revenues, we are sure to take brand Kyriad to newer heights in South Asia. Kyriad is the perfect answer to both business and leisure travellers seeking quality accommodation at affordable prices."
