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Dream Hotel Group & Viiking Ventures ink agreement for New Delhi hotel
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Monday, 24 July, 2017, 08 : 00 AM [IST]
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Our Bureau, New Delhi
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Hotel brand and management company Dream Hotel Group inked a hotel management agreement with Sachiin J Joshi, chairman, Viiking Ventures, to open Dream New Delhi in 2019.
Set to open in the Central Business District of West Delhi, Dream New Delhi features five dining and nightlife venues, including a Food Hall concept by chef and restaurateur Todd English.
Joining Joshi and English to celebrate the signing were Sant Singh Chatwal, chairman, Dream Hotel Group; Jay Stein, chief executive officer, Dream Hotel Group, and Rabinder Pal Singh, chief financial officer, Dream Hotel Group. Actress Rashmi Nigam was the master of ceremonies.
“I am thrilled to expand our global footprint to India and bring the Dream Hotel brand back to my home country,” remarked Chatwal, adding, “With Dream Hotel Group’s unprecedented growth and high-velocity expansion, we are well positioned to triple our existing portfolio in less than five years.”
The signings come on the heels of the company’s largest international expansion news to date, with nine new hotel signings across all four brands – Dream Hotels, Time Hotels, The Chatwal and Unscripted Hotels.
Dream Hotel Group now boasts its strongest portfolio, and its largest and most active pipeline ever.
With 16 hotels open, and an additional 26 properties in the pipeline, Dream Hotel Group is on track to increase its global footprint by 230 per cent over the next four years, tripling its existing portfolio by 2022.
“We are delighted to be partnering with Dream Hotel Group and its dynamic team,” said Joshi, adding, “India is among the fastest-growing economies, and we are excited to take the hospitality industry in this country to new heights with Chatwal himself, who is an inspiration to us all in India.”
“We recently reached an exciting milestone by signing most new hotel deals in the company’s history,” said Stein, adding, “I’m incredibly proud to continue our unprecedented growth momentum with the signing of Dream New Delhi.”
English joined in the festivities to celebrate the signing of Dream New Delhi and the extension of his food and beverage partnership with Dream Hotel Group.
“I couldn’t be more pleased to extend my partnership with the Dream Hotel Group, this time, on a new venture to create an unforgettable dining experience at Dream New Delhi,” he said, adding, “I’ve always dreamt of bringing my restaurant to India and I can’t think of a more exciting place to establish it.”
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