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Article: India: India's Sobha Group to enter hospitality sector.
- Article from:
- TendersInfo
- Article date:
- May 8, 2008
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Byline: pinto03
Sobha Group, India's real estate firm would build and operate a chain of hotel properties across the Indian subcontinent, Middle East and East Africa. Sobha Group will own, develop and operate all Sobha Hotels. The first Sobha Hotels property is expected to open by 2010. The Group has plans to develop a portfolio of 2,500 rooms.
The group has plans to develop at least 10 five-star properties in the next five years, with two hotels earmarked for Dubai, six for India, and one each in Oman and Zanzibar. Sobha Hotels will benchmark against the best resort properties and luxury hotels in the region, according to Sobha Group ...