Carlson Rezidor Hotel Group has taken full ownership of Country Development & Management Services Private Limited (CDMS), its Indian joint venture.
CDMS – a holding company set up to manage the Country Inns & Suites brand in India – was previously controlled in partnership with Chanakya Hotels. Following the new agreement, the Country Inns & Suites brand in India will now be managed by Carlson Hotels South Asia, the Indian affiliate of Carlson Rezidor Hotel Group.
The acquisition also includes four Radisson Blu hotels managed in India by CDMS.
“Carlson Rezidor Hotel Group has been committed to India for 25 years, with our initial growth accelerated due to the quality of our partners and strength of our brands,” said Thorsten Kirschke, Carlson Rezidor’s president for Asia Pacific.
“Our joint venture with Chanakya Hotels… positioned Country Inns & Suites by Carlson as a leading midscale hotel brand in India. This acquisition, resulting in the full ownership of CDMS, is a strategic move to further strengthen our position as the leading international hotel operator in India. We aim to have 170 hotels in operation and under development by 2020 in the country.”
India is the second largest market for the Country Inns & Suites brand, following the US, with 24 hotels currently operating and 11 more in various stages of development. In total, Carlson Rezidor now has 117 properties either operating or under development in India, covering 60 cities and 16 state capitals.