Sayaji announced their expansion plans, on the occasion of their 2nd Anniversary
Sayaji to invest close to 100 crores for expansion in Pune on the occasion of their 2nd Anniversary celebrations. Also to expand to Bangalore, Chennai, Gurgaon to tap Auto, IT and Engineering industries. Last financial year occupancy close to 80%, current year expected is 85%. Sayaji's restaurant business of Barbeque Nation will be crossing Rs. 100 Crore benchmark in the current year.
- (1888PressRelease) May 09, 2011 - One of the largest hotels in room inventory perspective in the Pune and doing about 80% occupancy in spite of huge fresh supply of rooms in the market, Sayaji, Pune is completing their two successful years in the city. On this occasion, they announced their plans to expand with a sports and cultural club, restaurant mall, convention and conference facilities, marriage facilities and serviced apartments in Pune.
"This expansion will be completed by September, 2012 with a total investment of close to Rs. 100 crores", said Mr. Sajid Dhanani, MD, Sayaji Hotels Ltd.
With a concept of '9 hotels in one, wherein every floor is differently managed with separate receptions', Sayaji was launched in Pune in April, 2009 as a business hotel concept with 72 rooms . Their personalized and unique packaging of rooms which takes care of all the needs of a traveler, within 7 months ensured that all 244 rooms had to be opened in full swing with good occupancy.
"Last financial year we closed at close to 80% occupancy. We should do close to 85% occupancy in the coming months", said Mr. Dhanani. "Demand for hotels and restaurants is increasing at a very good growth rate in Pune. My estimate would be at 22% as far as hotel business is concerned, though supply of rooms in the last 2 ½ - 3 years has increased considerably in Pune. Restaurant business is growing far more rapidly", he further added.
Sayaji's restaurant business of Barbeque Nation is doing fairly good. They will be crossing Rs. 100 Crore benchmark in the current year. Further, 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 largely be opened in 7 cities viz., Mumbai, Delhi NCR, Chennai, Bengaluru, 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, Gurgaon wherein the large portion of the customers are common, coming from Auto, IT and Engineering industries.
Sayaji Hotels turnover was roughly around Rs.190 crores as a Group for the financial year 2010-11, There expected turnover for 2011 - 2012 is estimated to be Rs. 260 crores.
###
space
space
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam