locations

On completion of two years in Pune, Sayaji Hotels Ltd is planning to invest Rs 100 crore in Pune. The group is planning to expand its operations with a sports and cultural club, restaurant, mall, convention and conference facilities and serviced apartments. “This expansion will be completed by September 2012 with a total investment of Rs 100 crore,” Sajid Dhanani, MD, Sayaji Hotels Ltd, told DNA. “The demand for hotels and restaurants is increasing at a good rate in Pune. My estimate would be at 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 growing far more rapidly,” said Dhanani. Besides, it also has plans to expand Barbeque Nation brand from current 18 units in the country to around 33 units by the end of the year. The new Barbeque Nation restaurants will be opened in seven cities such as Mumbai, Delhi NCR, Chennai, Bangalore, Hyderabad, Kolkata and Pune. Sayaji Hotels further plans to leverage the brand image it has created in Pune by expanding in other locations like Bangalore, Chennai and Gurgaon wherein majority of its customers are come from auto, IT and engineering industries. The group’s turnover was roughly around Rs 190 crore for the financial year 2010-11.