Louvre Hotels Group acquires majority stake in Sarovar Hotels


(MENAFN- Muscat Daily) Muscat- Louvre Hotels Group has become the number one hotel group in India by the acquisition of a majority stake in Sarovar Hotels, the largest independent Indian chain in terms of hotels and presence. Louvre Hotels Group continues to boost its presence in South Asia, keeping up with the region's constantly growing leisure and business tourism.

Sarovar Hotels is an Indian company made up of 75 hotels in the premium, mid-range and budget sectors, through three leading brands. The group also has two well established F & B brands, The Geoffrey's Pub and the Oriental Blossom, and manages the lodging and catering facilities of various institutions in India. Furthermore, the group manages 12 hotels under the Radisson, Park Plaza and Park Inn brands.

Leveraging its hotel expertise and seasoned management staff, Sarovar has developed significantly over the past five years, growing from 4,500 to nearly 6,000 rooms in over 50 cities. Over the last few years, Sarovar also started developing its brands outside its boundaries, targeting Africa and more significantly, Eastern Africa, which also strengthens Louvre Hotels Group's position as the largest hotel group in this part of the world.

Sarovar Hotels was founded in 1994 by Anil Madhok, a hotel industry expert in the India, Singapore and Sri Lanka markets. It is also run by Ajay K Bakaya and Mansoor Adil, who have developed it into a robust and effective hotel platform combining marketing, human resources, operations, management and technical services.

This strong and experienced team will continue to provide its expertise and manage the hotels under its brands. Both hotel groups share the desire to continue developing Sarovar Hotel brands. This powerful platform will also sustain the development of the Louvre Hotels Group.

Being a major global player, Louvre Hotels Group is present in all major markets and all hospitality segments. Sarovar is a fantastic platform, very promising for the future, mostly due to the professionalism and local expertise of its team.


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