Global hospitality major Carlson Rezidor Hotel Group is looking at tier II and III cities for expansion and is targetting 170 properties in the country by 2020.
“Our target of 170 hotels by 2020 is well on track. We have 45 hotels in pipeline across the country. This year, the momentum is strong and we are expecting open eight hotels. We are also looking to sign 14 properties. Most of these are in tier II and III cities,” Carlson Rezidor Hotel Group, South Asia CEO, Raj Rana told PTI here. The properties will be mainly under ‘Country Inns and Suites By Carlson’ and ‘Park Inn by Radisson’ brands. The company is looking to expand these brands as they can be set up faster with low cost of construction and have higher margins of profit, he said.