Oynx Hospitality Group plans to operate at least 10 properties in India by 2022. Three main developments will form the strategy for the expansion:
1. The first full service Amari hotel has been confirmed in National Capital Region. Amari Noida will be a part of the World Trade Center Noida project and feature 120 rooms, with an additional 30 branded residences, three restaurants, meeting and convention space, pool, fitness center and a Breeze Spa. The project will begin in 2016 and is due to be operational by 2019.
2. The second project will be in the World Trade Centre development in Gujurat’s new central business district of Gift City. The Amari Residences Gift City in Ahmedabad will feature 120 serviced apartments, restaurant, pool and fitness center. The project will begin in 2016 and be operational by 2018.
3. Onyx entered into an exclusive partnership with hospitality asset management firm Kingsbridge India to develop these two projects and the remaining balance of properties in the pipeline. Onyx will be the operator and will align with the interests of the asset owner to deliver set objectives.
“India is ripe for hospitality development right now and as the economy continues to grow, and international visitors to the country rise, we see great potential for hotel expansion,” said Peter Henley, president and CEO of Onyx.