Chatwal inks key pact with Wyndham Hotel Group

New York, Mar 23 (PTI) NRI hotelier Sant Chatwal has
signed an agreement with the world's largest hotel group
Wyndham, which will now have exclusive rights to franchise and
manage his Dream and Night boutique brands globally.
Alternatively, Chatwal Hotels and Resorts will help
Wyndham, a part of the Wyndham Worldwide family of companies,
expand its business in India.
This marriage will help their diverse brand portfolios
and focus on meeting guests' needs with a hotel product for
every kind of traveller -- luxury to budget, Chatwal, Chairman
and CEO of Chatwal Hotels and Resorts, and Eric A Danziger,
President and CEO of Wyndham Hotel Group, said addressing the
international media here Wednesday evening.
"The relationship with Wyndham will unlock the true
potential of Dream and Night brands, which have proven their
success in key markets like New York and Bangkok during the
last six years and are keen to further expand globally,"
Chatwal said.
Chatwal Hotel Group has 11 hotels with 3,000 rooms in
every block of midtown Manhattan of New York City, such as The
President, Time, Night, Hilton Garden, Dream Downtown and
Hamptons. In addition, it has hotels in Bangkok and Cochin,
while the art-deco inspired Dream South Beach is getting ready
in Miami Beach in Florida.
Wyndham Hotel Groups has 7,200 hotels in 67 countries and
15 brands under its belt, while it has just 26 hotels in India
compared to 400 in China.
Chatwal Hotels will help Wyndham set up classy hotels in
major cities and tourist resorts where the room rent would be
USD 100 (Rs 4,500) per night as against the prevailing market
rate of USD 250 to USD 500 per night in luxury hotels.