DS Group Announces Ambitious Expansion Plans in Hospitality Sector: Over INR 500 Crores Investment
In a significant move, Dharampal Satyapal Group (DS Group), a prominent multi-business corporation and leading FMCG conglomerate, is set to elevate its presence in the hospitality sector. With an impressive investment exceeding INR 500 crores, DS Group aims to achieve a Compound Annual Growth Rate (CAGR) of 15% in the hospitality segment over the next 2-3 years, surpassing industry standards.
The expansion strategy includes acquiring three new properties within the next three years, strategically located in India's North and Eastern regions. This strategic move will augment DS Group's existing portfolio, bringing the total number of premium properties to nine across the country. Upon completion, DS Group's hospitality properties will boast a total of 1500 keys, solidifying its position as a key player in the hospitality industry. The growth plan is a blend of organic and inorganic elements, emphasizing DS Group's commitment to delivering exceptional guest experiences.
Commenting on this ambitious venture, Mr. Rajiv Kumar, Vice Chairman, DS Group, stated, "DS Group’s strategic growth vision aims to deliver exceptional guest experiences and capture new market opportunities. We are optimistic about our future, striving to create significant value for all stakeholders through meaningful partnerships."
DS Group's existing hospitality portfolio includes distinguished properties like The Manu Maharani in Nainital and Namah in Jim Corbett National Park, both members of Radisson Individuals. Additionally, the portfolio features Radisson Blu Hotel Guwahati, Crowne Plaza Jaipur Tonk Road, Holiday Inn Express Kolkata Airport, and the Marriot-managed Renaissance Hotel in Bengaluru.