Holiday Inn to enter India. (Holiday Inn Worldwide joint venture with INN Realty Hotel Ventures Ltd. for development of franchised hotels throughout India)

From: Real Estate Weekly | Date: September 8, 1993 | Copyright information

Holiday Inn Worldwide has signed a joint venture agreement with INN Realty Services Inc. (INN) to develop 70 franchised hotels throughout India over the next 10 years.

The joint venture company will focus on secondary cities catering to the domestic market throughout India. The middle market of India is estimated to represent 29 to 30 million households.

Holiday Inn Worldwide recently announced record development during the first six months of 1993, opening a ...

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