Greenwood Hotels and Resorts Group Commits INR 500 Crore Investment for Northeast Hospitality Expansion

Greenwood Hotels and Resorts Group, a prominent player in the hospitality sector, has revealed its ambitious plan to invest INR 500 crore in the forthcoming decade to establish upscale hospitality ventures across the Northeast region of India.

Unveiling its most recent venture, ‘The Greenwood Guwahati,’ a premium property catering to the business segment, the company has infused INR 100 crore into the project. According to Himanshu Kalita, Managing Director of The Greenwood Group, despite Guwahati’s significance as a gateway to Northeast India and a bustling trade hub, the city lacks adequate internationally benchmarked hospitality options that cater to the demands of business and trade. The launch of ‘The Greenwood Guwahati’ aims to bridge this gap and address the unmet need.

This newly inaugurated property, featuring 48 luxurious rooms along with state-of-the-art amenities such as meeting facilities, a gymnasium, spa, and a swimming pool, is poised to play a pivotal role in enhancing the hospitality infrastructure of the region. Additionally, Kalita emphasizes that this development will contribute substantively to the economic advancement of the entire Northeastern region.

With sights set on expansion, the hospitality giant intends to establish a series of new properties throughout the region. Expressing eagerness, the group envisions broadening its footprint across all eight states of Northeast India. The anticipated investment of ₹500 crore over the next decade underscores their commitment to this expansion strategy.

While specifics about the total number of hotels and their precise locations remain undisclosed, The Greenwood Group currently operates two existing properties—The Greenwood Resort, Guwahati, offering a leisure and resort experience, and The Greenwood, Tezpur, a boutique hotel.

Having garnered a decade of experience within the hospitality industry since its inception in 2013, The Greenwood Group aims to harness the evolving landscape to attract entrepreneurs, investors, and industry leaders from both the nation and the global arena.

Read Previous

Indian Hotel Stocks Surge as Robust Demand Outlook Sparks Optimism

Read Next

Signum Resort Igatpuri Opens its Doors in Maharashtra

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Download Our Magazine