New Delhi, May 21 :
New Delhi, May 21:
Hilton International has come back to India through its tieup with the Bangalore-based World Resorts Limited (WRL). The global hotel major has taken over the management operations of the famous Gold Palms Resort.
Owned by Bollywood filmstar Sanjay Khan, Gold Palms is one of the most modern and expensive health resorts in the country which will now be open to leisure travellers. Hilton International said today that it is close to finalising three deals with hotels in Mumbai, Delhi and Chennai.
'We are at an advanced stages of negotiations with three hotels in Mumbai, Delhi and Chennai which will be managed by Hilton International,' Koos Klein, Hilton's president for Asia-Pacific, told reporters here today.
Hilton will only handle the management side of these hotels right now. But, it is also open to options like investments, equity participation, joint ventures, lease or contracts, he said.
'We do plan to invest in future but it should be the right opportunity at the right time,' Klein said without giving further details on investment plans.
Hilton would be picking up at least 26 per cent stake in case of equity participation in a property, he added. Elaborating on future plans, Klein said Hilton was eyeing to capture the Indian hotel market by opening one hotel every year which could be through contract or equity stake or venture.
Replying to a query whether Hilton would be willing to takeover state-owned hotels in the country, Klein said there were no such plans. Hilton had to wound up its India operation in 1998 when its partner, the Suri brothers of Bharat Hotels, cancelled the agreement in favour of Intercontinental.