MBD Group, education and Hospitality company based in Delhi, partners with German hospitality group, Steigenberger Hotels.
The 51 per cent (MBD Group):49 per cent (Steigenberger Hotels) joint venture will open 20 luxury hotels in the next 15 years in the country.
Business development, management and franchising of hotels, marketing, pre-opening and post-opening assistance will be handled by MBD Group. Whereas, marketing support, international sales, training and brand standards to be integrated in the region will be offered by Steigenberger Hotels
The flagship property called Zephyr Bengaluru will offer 184 rooms with prices beginning at ₹12,500.
“Work on the Bengaluru hotel, which will require an investment of ₹300 crore excluding the cost of land, has already begun and will be ready in mid-2019,” says Sonica Malhotra, managing director of MBD Group.
“Similarly, we will identify pockets that will cater to the needs of luxury travellers, both business and leisure, in other cities like Delhi, Mumbai, Chennai, Hyderabad, Goa, Kolkata, Pune and Indore, to set up our hotels.”