The US-based JNB Investments LLC has entered the hospitality landscape in India, with strategic plans to launch 50 hotels across the nation by 2025. This ambitious project will bear an investment of approximately Rs. 2000 Crore. The funding for this venture will be drawn from internal reserves and other financial avenues.
JNB Investments LLC has outlined its intention to construct properties spanning the categories of five-star, four-star, and three-star hotels. The initial batch of properties is slated to rise in eminent cities including Kochi, Bengaluru, and New Delhi. This company is a vital contributor in the association between Interstate Hotels & Resorts and JHM Hotels, an arrangement dedicated to advancing their presence in India.
An entity by the name of JHM Interstate Hotels India will supervise the collective's development initiatives in India. T J Barring, the President at JNB Investment Company, has expressed exclusive views to Hospitality Biz regarding their aggressive pursuit of hotel development in the lesser-known, yet promising, tier two cities of the nation. To further their expansion goals, JNB Investments LLC is considering potential sites in Mumbai, Goa, Chennai, Amritsar, Calicut, Visakhapatnam, and Jalandhar for their hospitality endeavors.