Sant Singh Chatwal (right) and Vikram Chatwal (left) with Wyndham Hotel president Eric Danziger in New Delhi on Monday. (PTI)

New Delhi, Jan. 9: New York-based Chatwal Hotels & Resorts plans to expand in India at an initial investment of Rs 2,000 crore and hopes to operate around 100 hotels in the next 10 years.

Chatwal Hotels, which has given the franchise and management rights of its five-star deluxe brand Dream and four-star brand Night to Wyndham Hotel Group, plans to expand them in India through the franchise model.

“In the next five years, we have a definite plan to operate 52 hotels in India and invest Rs 2,000 crore to develop infrastructure... In the next 10 years, we hope to do 100 hotels here,” said Sant Singh Chatwal, chairman and CEO.

Chatwal, who is also the chairman and CEO of Hampshire Hotels & Resorts, the management arm of Chatwal Hotels, is in India to explore the market. Chatwal and Wyndham Group jointly run the 216-room Dream New York in midtown Manhattan, the 72-room Night Hotel also in Manhattan, a 195-room Dream Hotel in Bangkok and the 151-room Dream Cochin.

“We will launch 40 Night hotels and 12 Dream properties in India over the next five years. Deals for 18 hotels have already been signed with various developers,” said Chatwal.

Other hotels which are being planned include a Dream and a Night for Bangalore, a Dream in Goa, another Dream in Malad, and Night hotels in Raipur, Lucknow, Kanpur and Jalandhar.

While ‘Dream’ is a full service luxury hotel brand, ‘Night’ is a mid-segment boutique hotel. Chatwal’s son Vikram, who has been the brain behind the chic Night and lifestyle Dream brands, hopes to add some local elements to the Indian properties.