- Partnership to boost HVS India’s annual turnover by up to 75%
- Multiple big-ticket hotel funding, divestments & acquisitions already underway
Anuj Puri, Chairman - ANAROCK Property Consultants takes on the added role of Chairman - Hospitality at HVS ANAROCK and the Firm’s soon-to-be-appointed CEO will report to him. Shobhit Agarwal – MD & CEO of ANAROCK Capital Markets, will head the transactions vertical at HVS ANAROCK.
Stephen Rushmore Jr, President and CEO of HVS, commented "We are very excited to be partnering with ANAROCK as we share a strong professional and cultural fit. Together we foresee rapid expansion in the region and will be able to tap into more resources to serve our clients better than ever. India has always been an exciting market for us, and we are targeting a concentric outward growth into the hottest South Asian markets from here. HVS India has had more than two decades of exposure in the country, and we anticipate the partnership will leverage ANAROCK's proprietary real estate funding platform to increase HVS India’s revenues by up to 75% over the next two years.”
Anuj Puri confirmed that ANAROCK is in the process of rapid expansion in terms of both geographies and business verticals, and the launch of HVS ANAROCK dovetails perfectly with these plans. "HVS is the leading global hospitality player, and we have aligned our synergies to tap into this market in India and beyond,” he added. “Tourism in India is growing by over 15% annually, and the launch of HVS ANAROCK coincides with some of the most exciting times for the Indian hospitality industry,” he concluded.
Shobhit Agarwal has already concluded hospitality-specific capital markets deals worth in excess of US$ 2 billion in his previous assignments across key markets like Mumbai, NCR, Goa, Pune, and Chennai, with players like Citrus Hotels, JWM, Jumeirah, Xander, Oasis, Premier Inn, GMR and GVK. "There is a huge number of funding, divestments and acquisition deals to be tapped into, and HVS ANAROCK already has excellent relationships with India's leading hospitality operators,” added Shobhit. “Over the past four years, India has seen some 4-5 major hospitality-related deals annually, with leading private equity players like SAMHI, Goldman Sachs, Blackstone and APG being active participants on the funding side."
For more information please contact:
Stephen Rushmore Jr