Absolute Hotel Services ventures into lease model

Absolute Hotel Services (AHS) has announced a strategic move into the lease model of hotel management and operation in India, with the creation of a new entity, AHS Hotel Assets Pvt Ltd, which will focus on lease and freehold ownership.

Sameer Dharkar, Managing Director – Absolute Hotel Services (AHS) India further elaborated on the new strategy by stating that It’s the first time that, AHS India has started in the ownership and management of the resorts and hotels in India as part of its growth strategy. He further reiterated by stating “Our vision is to be proud owners of 25 properties in India within a period of 10 years, in addition to atleaset 25 under management contract model”.

AHS Hotel Assets Pvt Ltd, floated by the Dharkar family and AHS group’s India partners, will attain its first property with U Rivergate Karjat, a 6.5-acre 42-room property on the banks of the River Pej in Karjat, nestled amidst 60 acres of lush green landscape. The resort features a bonsai garden, riverside view, organic farming with a farm-to-table concept, multi-cuisine restaurant, lounge and bar with smoking lounge section, gym, swimming pool, and U Spa, which will be opening soon.

The favorable operating model will enable AHS to be in charge of the day-to-day operations and asset P&L, along with most of the financial responsibility. The company intends to become a game-changer and to grow its presence pan-India, and even in South Asia in the coming years. “We want to become a game-changer and am bracing for growth and envisioning to have a pan-India presence, and even in the south Asia coming years. AHS Hotel Assets Pvt Ltd is looking forward to offering great services and experiences; and garnering great number of guest loyalty;” stated Mr. Prateek Dharkar, Managing Director & Co-Founder of AHS Hotel Assets Pvt Ltd.


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