Citrus Hotels & Resorts, a part of the MIRAH Group, announced its foray into the North Indian market with the launch of Citrus Gurgaon Central in Sector 29 of Gurgaon. The Citrus Gurgaon Central, a 46 room property, has been taken on a long lease.
Speaking about the launch, Kurian Varghese, General Manager – Travel Trade, Citrus Hotels said, “The NCR region has a total inventory of 22,900 Keys of which 75 per cent is accounted by the organised sector. The organised segment in the region has 17,550 keys in the pipeline over the next five years. According to the Airport Authority of India, the highest number of air arrivals was recorded in NCR (18.2 million) with the domestic arrivals accounting for 12.7 million and foreign arrivals of 5.5 million. We are, therefore quite confident, that Citrus will do well from the first year of operation. Being a smaller inventory hotel, we have the advantage of choosing the best price business.”
Citrus Hotels plans to increase its presence in North India and will look at either leasing additional properties of setting-up their own properties in other North Indian cities.
