JAL Hotels Co., Ltd. Plans New Nikko Hotels in India
JAL Hotels Will Operate Luxury Hotels for DB Hospitality Private Limited
TOKYO, Nov. 21 /PRNewswire/ -- JAL Hotels Co., Ltd. has signed a comprehensive agreement with DB Hospitality Private Limited, based in Mumbai, to operate multiple luxury hotels for DB Hospitality in major Indian cities, such as Mumbai, Delhi, Kolkata, and Bangalore.
DB Hospitality Private Limited is the hospitality industry arm of the DB Group of companies, one of India's leading business groups. According to the agreement, DB Group expects to expand its portfolio of hotel assets in India and to have JAL Hotels manage a substantial portion of those assets. DB Group is expected to invest over $1 billion to expand its portfolio of hotel assets in India over the next four years.
The two companies have agreed that JAL Hotels will take over operation of some hotels starting in 2010. Under JAL Hotels' operation, these hotels will carry the Nikko Hotels International brand.
"JAL Hotels sees India as a rapidly growing, very attractive market, and looks forward to working with DB Hospitality Private Limited," said Katsumi Chiyo, president and CEO, JAL Hotels Co., Ltd. "This agreement allows JAL Hotels to expand our Nikko Hotels brand throughout India's major cities. We also intend to use this opportunity as a springboard, creating maximum synergy to speed up the growth of Nikko Hotels International in the Middle East and Europe. DB Hospitality is a good match for JAL Hotels, since it is very important to them for their luxury properties to be operated at the international, five-star level that our high-quality service can provide."
About DB Hospitality Private Limited
DB Group is a leading diversified business group in India, headquartered in Mumbai, with businesses in the hotel, real estate, construction material manufacturing, dairy product manufacturing, telecommunications, and other industries. Among the hotels owned by DB Hospitality Private Limited are Le Royal Meridien in Mumbai and Le Meridien in Ahmedabad.
About Nikko Hotels International
Nikko Hotels International is an international luxury hotel group operated by JAL Hotels Co., Ltd., headquartered in Tokyo. In addition to Nikko Hotels, JAL Hotels operates Hotel JAL City, a chain of 13 mid-priced hotels for business travelers in Japan. The company currently has 59 hotels with 18,829 rooms worldwide in Europe, the Middle East, the Americas, and throughout Japan and the Asia/Pacific region.
Future openings include three hotels in China: 388-room Hotel Nikko Shanghai in Summer 2009, 500-room Hotel Nikko Wuxi in 2010, and the 411-room Hotel Nikko Guangzhou in March 2010, as well as two Nikko Hotels International properties in the Middle East: 478-room Hotel JAL Tower Dubai in 2009, and 300-room Hotel JAL Bahrain Resort & Spa, also in 2009.
SOURCE: JAL Hotels Co., Ltd.
CONTACT: Lucy Siegel for JAL Hotels Co., Ltd., +1-212-583-1043, ext.12,