Whitbread and Berggruen may join hands to tap Indian budget hotel segment
14 Oct 2014

Whitbread PLC, a multi-national hotel company headquartered in the UK has shown interest in expanding its presence in Indian market.

According to a report by DNA, the hospitality company is in talks with Berggruen Hotels which operates 14 Keys branded hotels in India.

The exact nature of the deal, however, has not been disclosed yet. It can acquire, merge or form a joint venture.

The management of 'Premier Inn', a mid-market hotel brand owned by Whitbread, is at a very advanced stage of negotiations with Berggruen Hotels to handle its India operations, according to the report.

The deal, if struck, would mark the consolidation in the Indian mid-market/budget hotel accommodation space.

Berggruen Hotels was founded by US- based Berggruen in 2006 to operate mid-market hotels under the 'Keys Hotels' brand and one five-star hotel under the 'Klub Keys' brand in India.

The group has a countrywide portfolio of 34 hotels of which 12 are operational and 22 under development. The Premier Inn network in India comprises three hotels and two projects under development that are expected to get operational in a few years.

Though details of the deal have not been disclosed, but if sources are to be believed, a deal between Premier Inn and Berggruen has been finalised already.

Post the deal, the combined entity will have 18 operational hotels and 25-odd projects in the development pipeline in the country under Premier Inn, Keys and Klub Keys brands.

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13 Dec 2014

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