Sunday, July 14, 2024
-Advertisement-
Digital Senate
Digital Senate
Digital Senate
Digital Senate
HomeNewsIndustryHVS partners ANAROCK to tap into India’s $210 billion hospitality market

HVS partners ANAROCK to tap into India’s $210 billion hospitality market

Follow Tech Observer on Google News

Under this partnership, the combined entity HVS ANAROCK will focus on brokerage, feasibility studies, operator searches, appraisals, executive search and other hospitality sector consulting and advisory services throughout South Asia.

Google News

Real estate services firm Property Consultants has partnered with News York-based hospitality sector consultant . Under this partnership, the combined entity HVS ANAROCK will focus on brokerage, feasibility studies, operator searches, appraisals, executive search and other hospitality sector consulting and advisory services throughout South Asia.

The ANAROCK Property Consultants Chairman Anuj Puri has been appointed as Chairman of HVS ANAROCK. According to a statement, the firm is in the process of appointing a CEO who will report to the Chairman. Shobhit Agarwal, MD & CEO – ANAROCK Capital, will head the transactions vertical at HVS ANAROCK.

“We are very excited to partner with ANAROCK as we share a strong professional and cultural fit. Together we foresee rapid expansion in the region and will be able to tap into more resources to serve our clients better than ever. India has always been an exciting market for us, and we are targeting a concentric outward growth into the hottest South Asian markets from here. HVS India has had more than two decades of exposure in the country, and we anticipate the partnership will leverage ANAROCK's proprietary real estate funding platform to increase HVS India's revenues by up to 75% over the next two years,” said Stephen Rushmore Jr, President & CEO – HVS.

Puri confirmed that ANAROCK is in the process of expansion in terms of geographies and business verticals, and the launch of HVS ANAROCK dovetails. “HVS is the leading global hospitality player, and we have aligned our synergies to tap into this market in India and beyond,” he said. “Tourism in India is growing by over 15% annually, and the launch of HVS ANAROCK coincides with some of the most exciting times for the Indian hospitality industry.”

“There is a huge number of funding, divestment and acquisition deals to be tapped into, and HVS ANAROCK already has excellent relationships with India's leading hospitality operators,” he said. “Over the past four years, India has seen some 4-5 major hospitality-related deals annually, with leading private equity players being active participants on the funding side.”

Get the day's headlines from Tech Observer straight in your inbox

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
Tech Observer Desk
Tech Observer Desk
Tech Observer Desk at TechObserver.in is a team of technology reporters led by a senior editor who brings latest updates and developments from the world of technology.
- Advertisement -
Bitcoin 2024
Bitcoin 2024
Bitcoin 2024
Bitcoin 2024
- Advertisement -Digital Senate
- Advertisement -Education Sabha
- Advertisement -Bitcoin 2024
- Advertisement -ESDS SAP Hana

Subscribe to our Newsletter

83000+ Industry Leaders read it everyday

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
- Advertisement -

Oppo launches AI-loaded Reno 12 series with Sony sensor 50MP camera

Oppo Reno 12 series which includes the Reno 12 5G and Reno 12 Pro 5G, promises a blend of cutting-edge AI features, robust durability and sleek aesthetics, said a senior executive.

RELATED ARTICLES