On completion of two years in Pune, Sayaji Hotels Ltd is planning to invest Rupees 100 crore in Pune. "This expansion will be completed by September 2012 with a total investment of Rs 100 crore," said Sajid Dhanani, MD, Sayaji Hotels Ltd.
The group is planning to expand its operations with a sports and cultural club, restaurant, mall, meeting and conference facilities and service apartments.
"The demand for hotels and restaurants is increasing at a good rate in Pune. Dhanani's estimate is 22 per cent as far as hotel business is concerned. Though supply of rooms in the last two-three years has increased considerably, the restaurant business is on the rise far more speedily," said Dhanani.
Moreover, Sayaji Hotels further plans to leverage the brand image it has created in Pune by expanding to other locations like Bangalore, Chennai and Gurgaon wherein majority of its customers come from automobile, Information Technology and Engineering industries. It also has plans to expand the Barbeque Nation brand from the current 18 divisions in the country to around 33 divisions by the end of the year. The new Barbeque Nation restaurants will be opened mainly in metropolitan seven cities such as Mumbai, Delhi NCR, Chennai, Bangalore, Hyderabad, Kolkata and Pune. The group's turnover was roughly around Rupees 190 crore for the financial year 2010-11.