The first Four Points by Sheraton hotel in the Indian city of Jaipur will open in October. The 115-room Four Points by Sheraton Jaipur, City Square, is also JHM Interstate Hotels India’s first managed hotel in India.
The Four Points by Sheraton hotel brand is owned by Starwood Hotels & Resorts.
JHM Interstate Hotels India is a hotel-management joint venture between JHM Hotels and Interstate Hotels & Resorts, a hotel real-estate investor that claims to be the largest independent hotel management company in the United States.
The new hotel will be the second Four Points hotel to open in India and the first project developed by Duet India Hotels Limited, a UK-based, real estate investment group dedicated to hotel development in India. Interstate and JHM Hotels both have equity interests in Duet, which provides JHM Interstate Hotels India the first opportunity to manage the hotels developed or acquired by Duet.
Located in the new City Square, at Vasundhara Colony, Tonk Road, the newly built, four-story, upscale hotel is situated near M1 Road, the city’s commercial hub, convenient to major government and business organizations, universities and the new international airport. The City Palace, Amber Fort, Hawa Mahal and other popular tourist attractions are within easy access of the hotel. The property also is a short walk from the city’s most notable shopping, restaurants, bars and movie theaters.
The Four Points by Sheraton Jaipur, City Square amenities include a full-service restaurant, The Eatery, featuring both continental dishes and regional specialties; a lounge; a business center; free high-speed Internet access; a health club; a spa; an outdoor pool; and 2,500 square feet of flexible meeting space. The 115 guestrooms and suites provide flat screen LCD TVs and Sheraton Four Comfort beds.
“With the opening of this hotel, we will add a sixth country outside of the United States, our first in the Asia Pacific region, to our management portfolio as we continue to extend our reach internationally,” says Thomas Hewitt, chairman and chief executive officer of Intestate Hotels & Resorts. “India remains one of the world’s fastest growing economies, with projected growth of 5 to 6 per cent this year despite the global economic downturn.”
Jaipur is part of India’s Golden Triangle, along with Delhi and Agra (the site of the Taj Mahal and has long been a major tourist mecca, according to Interstate Hotels. The company says that more recently Jaipur ― which is the capital of the state of Rajasthan ― has become a centre of economic development activity, decreasing Jaipur’s reliance on leisure business alone and attracting growing numbers of business travelers with a need for lodging. In June, Jaipur opened a new international airport, dramatically improving domestic and international access to the city.
H. P. Rama, founder and chief executive officer of JHM Hotels, says the combined strength, depth of resources and international and in-country experience of the joint venture management company were major factors in Starwood’s support of JHM Interstate Hotels India.
“Our strong relationship with Starwood and other brands and proven track record in multiple countries have given us a competitive edge in securing premium flags for our hotels in new markets, such as India,” says Rama. “We have significant hotel and food and beverage operations strength in place that fully understands the markets in India, and we look forward to rapidly ramping up this property and aggressively expanding to become the leading third-party operator in the country.”
“This is the first of more than 20 projects Duet India Hotels intends to develop throughout India over the next few years, which represents a significant and reliable pipeline of management contracts for us,” says Leslie Ng, Interstate’s chief investment officer. “Duet is targeting secondary and tertiary cities, areas where we believe the need for hotel rooms is most acute.”
JHM Interstate Hotels (India) Private Limited is a joint venture partnership between JHM Hotels, Inc. and Interstate Hotels & Resorts, Inc., formed to operate and invest in hotels in India. The company’s corporate office is located in Gurgaon, India, a suburb of New Delhi. For more information about JHM Interstate Hotels India, visit the company’s Web site at www.jhminterstate.com.
JHM Hotels, a premier lodging company based in Greenville South Caroline, with offices in Mumbai and Surat, India, has developed, acquired, owned and operated hotels throughout the United States for more than 36 years. The company currently owns and operates 42 U.S. hotels with more than 6,500 guestrooms and has over 500 additional rooms under development/construction, operating under such well-known brands as Marriott, Hilton, Starwood and Hyatt. For more information about JHM Hotels, visit the company’s Web site at www.jhmhotels.com.
Interstate Hotels & Resorts has ownership interests in 56 hotels and resorts, including seven wholly owned properties. Together with these properties, the company and its affiliates manage a total of 223 hospitality properties with more than 45,500 rooms in 37 states, the District of Columbia, Russia, India, Mexico, Belgium, Canada and Ireland. Interstate Hotels & Resorts also has contracts to manage 13 forthcoming hospitality properties with approximately 3,000 rooms. For more information about Interstate Hotels & Resorts, visit the company’s Web site at www.ihrco.com.