Sarovar Hotels & Resorts

Sarovar Hotels & Resorts is a privately owned hotel chain in India. It is the 4th largest hotel chain in India with 36 hotels across India and overseas. The company is affiliated with Carlson Hospitality Worldwide. Carlson is active in hospitality services, comprising more than 1,570 hotels, resorts restaurants, and cruise ship operations in 81 countries. The association with Carlson Hospitality makes Sarovar Hotels the master franchisor for the Park Plaza and the Park Inn hotel brands in India. The Company has also launched the domestic brands: Sarovar Premiere, Sarovar Portico and Hometel.
==Brands==
*Sarovar Premier and Park Plaza - upscale (5 star) segment
*Sarovar Portico and Park Inn - mid-market (3-4 star) segment
*Hometel - 3 star segment with cheaper rooms. Sarovar currently has 6 budget hotels.
==Future==
Indias pride Sarovar Hotels announced plans to set up 10 new budget hotels including three in the National Capital Region within next 18 months. This is part of the company's plan to add 33 new properties to its chain.Sarovar bets big on budget hotels
Sarovar Hotels and Resorts will raise Rs 700-Rs 800 crore to fund its expansion plan that involves more than doubling its hotel count to 100 from the current 35 hotels in the country. By the end of 2012, the company will manage a total of 100 hotels and a room inventory of c55lose to 10,000. It aims to boost its top line to touch Rs 400 crore this year and expects a turnover of Rs 1,000 crore by the end of 2012.Sarovar Hotels to raise Rs 800 crore through SPV
==References==
Category:Hotel chains
Category:Hospitality companies of India
Category:Privately held companies of India