JHM Interstate Hotels & Resorts plans India exit

by Helen Andrews | 22 Jan 2015

Hotel management firm JHM Interstate India Hotels & Resorts, a joint venture between US hospitality firms Interstate Hotels & Resorts and JHM Hotels, is preparing to shut down its operations in India.

The Surat-based firm, which manages six properties in the country, has already dismissed its Gurgaon-based team and plans to wrap up operations in India gradually, according to The Economic Times of India.

Suresh Mathur, chief operating officer of JHM Hotels India, commented: “[The company] could not achieve the scale it had hoped for and third-party management did not take off in India. We are scaling back operations, closing the Gurgaon office and will be operating on a very limited basis from the company’s registered office in Surat. The Gurgaon office is expected to close on March 31.”

The firm employs approximately 50 people in India. It has teamed up with, and invested in, Duet India Hotels – a UK-based real estate investment fund dedicated to hotel business in India.

The Duet fund has raised roughly US$175m (€151m, £116m) in equity since 2008 and replicates its global model of building hotels and striking deals with hotel brands and management firms for branding and operations. JHM Interstate’s tie up with Duet Hotels in Jaipur and Pune has allowed it to franchise with Starwood and it operates two of Starwood’s Sheraton Four Points-branded properties. The tie up also manages two unbranded hotels in West Bengal and Pune, in addition to Turtle on the Beach at Kovalam and Estuary Island at Poovar in Kerala.

Mather said that once JHM Interstate pulls out, Duet will work directly with Starwood for management of the two Four Points properties.

Hotel management firm JHM Interstate India Hotels & Resorts, a joint venture between US hospitality firms Interstate Hotels & Resorts and JHM Hotels, is preparing to shut down its operations in India. The Surat-based firm, which manages six properties in the country, has already dismissed its Gurgaon-based team and plans to wrap up operations in India gradually, according to The Economic Times of India. Suresh Mathur, chief operating officer of
HHR,HOT
Four Points by Sheraton Hotel & Serviced Apartments in Pune is managed by JHM Interstate currently / Starwood
More news
News stories: 1 - 30 of 7786     
 
 
 
News stories: 1 - 30 of 7786     
 
 
 
company profile
Company profile: Willmott Dixon
Willmott Dixon delivers the social infrastructure that people depend on in their daily lives. We partner with our customers to focus on the services they want to provide, not just the building we construct, and we are committed to achieving a higher social purpose through our work.
Try cladmag for free!
Sign up with CLAD to receive our regular ezine, instant news alerts, free digital subscriptions to CLADweek, CLADmag and CLADbook and to request a free sample of the next issue of CLADmag.
sign up
features
Thun wants developers to be more sustainable
Matteo Thun leads a design studio of over 70 people, with offices in Milan and Shanghai
"We want a longer life cycle for every product, even if it means business is slower"

Simplicity and sustainability should be at the heart of all design argues the Italian architect

The flat floor configuration shown below could be suitable for immersive art shows and is one of many possible stage-audience configurations
Prince-Ramus was the founding partner of OMA New York, before rebranding the firm as REX in 2006
"If there are many possible solutions, we choose the one that is most beautiful"

Rem Koolhaas’ protege on the challenges of designing a truly flexible arts centre for Ground Zero

At the Tsingpu Yangzhou Retreat, reclaimed brick walls create multiple courtyard enclosures
Rossana Hu studied at the University of California at Berkeley, where she met Lyndon Neri
"Interior projects carried out by architects have a depth that’s generally lacking today"

Neri & Hu’s latest project

Catalogue Gallery
Click on a catalogue to view it online
To advertise in our catalogue gallery: call +44(0)1462 431385
The Center for Sustainable Landscapes in Pittsburgh, US
José Almiñana
"We are committed to designing evocative landscapes informed by the best environmental science"

The Andropogon principal on pushing the boundaries of landscape design for the benefit of humans and nature

features
Fabio Scacciavillani is chief economist for the Oman Investment Fund. He started his career working for the International Monetary Fund
"The region has a microclimate thanks to the monsoon, so the summer is cool and rainy"

The Oman Investment Fund’s chief economist talks us through plans to redefine Oman as a high end leisure and tourism destination

Alejandro Aravena
The Pritzker Prize jury commended Aravena’s dedication to improving urban environments
"Cities are measured by what you can do in them for free"

This year’s Pritzker Prize winner on the importance of leisure

The spa and treatment rooms were designed around a natural cenote
"True luxury is about preserving the soul of an incredible destination"

KimMegsonvisitstheaward-winning ChabléYucatánResort&Spa

cladkit product news
Mather & Co and ITV unite to create Coronation Street Experience
Mather & Co has transformed the visitor centre into the ultimate haven for ardent Coronation Street viewers
Magali Robathan
Experience designers, Mather & Co, have orchestrated a remarkable collaboration with ITV to unveil the new Coronation Street Experience, a ...
Siminetti unveils iridescent decorative panelling range inspired by plants
The Clematis design
Megan Whitby
The Botanicals is Siminetti’s newest Mother of Pearl decorative panelling collection, inspired by the distinctive patterns found in botany and ...
Alberto Apostoli designs tech-forward Wellness Therapy furniture collection for Varaschin
The furniture collection draws on absolute geometries, pure lines, neutral colours and strong references to nature
Megan Whitby
Furniture manufacturer Varaschin has unveiled the new Wellness Therapy range, designed by Italian spa and wellness architect and designer Alberto ...
cladkit product news
Koto Design introduces wood-fired hot tub
Koto is known for crafting modular, energy-neutral cabins and homes
Katie Barnes
A striking wood-fired hot tub has been unveiled by Koto, an architecture and design studio which has a passion for ...
Eden project uses drones to spell out climate change warning
Magali Robathan
Almost 300 drones were used to signal an environmental message above the Eden Project’s biomes, during the UN Climate Change ...
Eco Resort Network conference to convene in Mauritius this May
The event will be hosted in the Mauritius in 2024
Megan Whitby
Hospitality industry event Eco Resort Network is set to take place at the Ravenala Attitude Hotel, Turtle Bay, Mauritius, from ...
cladkit product news
Codelocks develops new glass door smart lock
The new lock model allows facilities and building managers to create and manage access via an app or online portal
Megan Whitby
Codelocks has launched its first glass door smart lock to bring intelligent access control to modern spa, leisure, fitness and ...
Alberto Apostoli and Newform collaborate to launch the A.Zeta showerhead
The showerhead offers two modes; rainfall or waterfall
Megan Whitby
Italian architect Alberto Apostoli has renewed his partnership with Newform – an Italian wellness company – and designed A.Zeta. A.Zeta ...
CSI Design Expo Americas 2024 announces new Attractions & Entertainment Technology Zone
The event will allow buyers and suppliers to meet
Magali Robathan
Cruise Ship Interiors (CSI) invites cruise lines, shipyards, design studios, outfitters, and suppliers to take part in CSI Design Expo ...
x
Sign up with CLAD for regular news updates