It has begun renovation work in some of the hotels in the main metros and has spent roughly about Rs 30 crore in room revamping of its business hotels in Bangalore and Chennai and the banquet areas in Taj President, Mumbai and also in Bangalore. Renovation work for all hotels is expected to be completed in about 3-5 years.
Speaking to Fe, Taj Business Hotels COO Jyoti Narang said: Our focus now is on expansion and growth and to present a new product in terms of service delivery so that we are ahead of the curve in terms of delivery, before India gets flooded with international hotels.
So, if we dominate India in terms of geographical strength and give a unique product offfering, we are ahead of competition, Ms Narang further added. Talking about the growth plans, Ms Narang said that as of now, they are in the process of developing a hotel in Chandigarh which was bought over by (IHCL) for Rs 17 crore. This hotel was part of the disinvestment process of the ITDC hotels. The hotel will be operational by Diwali next year.
The company is also looking at opening a new hotel in Bangalore in the IT park building to be opened in two years time.
Other locations marked for possible expansion are Gurgaon, Chennai (around the airport) and Bangalore. It is also actively looking at setting up a new hotel via either management contract or equity in north Mumbai (either Worli-Parel or the airport area).
Room expansion in Hyderabad (an addition of another 100 rooms) and a possible room expansion in Pune is also on the cards.
All our growth plans for the division are as of now all being looked at via management contracts, Ms Narang clarified and added that they are also looking at Kanpur, Surat and Coimbatore for possible expansion in the coming years.
With regard to renovations being carried out in the various hotels, she said that for Taj President, Mumbai the company plans roughly a 250-300 room renovation. The spa, library bar are also being looked at.
All major renovations of the hotels in the metros will be completed in the next 3 years and the rest in another 2 years, Ms Narang said.