Sarovar Hotels & Resorts

Sarovar Hotels & Resorts
Company typePrivate
IndustryHospitality industry
Founded1994
FounderAnil Madhok & Ajay Bakaya
HeadquartersMumbai, India
Area served
Worldwide
ProductsSarovar Premiere
Sarovar Portico
Hometel
RevenueRs. 300 crore (2007)
Websitewww.sarovarhotels.com

Sarovar Hotels & Resorts are a chain of resorts and hotels throughout India.[1] The chain is owned by Groupe du Louvre which was bought by the Shanghai Municipal People's Government-owned Jinjiang International in 2015.[2]

History

The hotel chain was founded in 1994 by Anil Madhok, who previously had a career in managing the luxury hotel brand Oberoi Hotels. Sarovar was founded to fill the void of mid-market hotel companies from India.[3]

Brands

  • Sarovar Premiere and Park Plaza – upscale (5 star) segment
  • Sarovar Portico and Park Inn – mid-market (3–4 star) segment
  • Hometel – 3 star to budget.
  • Golden tulip

Future

Sarovar Hotels announced plans to set up 12 new budget hotels including one in Africa in the country of Kenya.[4]

References