Qatar’s Aiana Hotels & Resorts signed an agreement with India’s Ferns Estates & Developers to manage and operate five new resorts in the Southern Indian state of Karnataka.
Aiana has now added seven properties to its fast growing portfolio; first being the 180-key Aiana Suites and Residences Doha that will be located in the central business district of West Bay and is expected to welcome guests in 2016.
Similar to its first property in India in Kerala, Aiana Hotels & Resorts will yet again offer a fractional ownership of the newly announced resorts to Qatari investors with an objective to deliver a rewarding real estate investment and hospitality opportunity from the same platform.
Commenting on the development, Amruda Nair, joint managing director and chief executive efficer, Aiana Hotels & Resorts L .L .C said: “We are pleased to announce our association with Ferns Estates & Developers to develop a portfolio of hotels located in leisure destinations around Karnataka that will feature resorts with a distinct sense of tranquillity and a relaxed atmosphere. We believe there is immense potential in destinations that are driving distance from key cities and are looking forward to expanding our presence in South India with this partnership.”
| Advertisement |
Scheduled to open in 2019, the first resort is set in the hilly coffee plantation of 45 acres, in the district of Sakleshpur which is a three hour drive from Bengaluru. With special care taken to preserve the natural flora, fauna and topography, the resort will feature a total of 100 villas set around a five-acre lake designed using locally sourced material and ethnic architecture. In addition to a full service hotel development with recreational, spa and banqueting facilities, holiday home villas will also be sold under a fractional ownership model.
According to Errol Fernandes, chairman and managing director, The Ferns Group: “We are delighted to partner with Aiana Hotels & Resorts to bring a dynamic, new offering to the resort market. This is the first time we are introducing a hybrid business model and believe that Sakleshpur is the perfect destination to announce our first resort. With our combined expertise in service and development and our commitment to innovation, we are confident that our fresh take on resort development will create lasting memories for our guests. ”
Search our database of more than 2,700 industry companies
