Indian-American hotelier Sant Singh Chatwal has entered into a global agreement with Wyndham Hotel Groups under which the latter will have exclusive rights to franchise and manage the Chatwal Group's Dream and Night boutique brands globally.
New York-based Chatwal Hotels and Resorts is planning to invest Rs 2,000 crore (Rs 20 billion) to open 52 hotels in India in the next five years. The company has tied up with international hospitality major Wyndham Hotels for the expansion of its hotel brands Dream and Night.
Looking aggressively at the Indian market for expansion, the Vikram Chatwal Hotels, a division of Hampshire Hotels and Resorts, plans to open "Dream brand hotels" in various cities in the country, including Bangalore, Mumbai and New Delhi with a Rs 5,000-crore (Rs 50 billion) investment.