Chaudhary Group (CG) Hotels and Resorts, a Nepal-based multi-industrial transnational conglomerate, is set to invest in Concept Hospitality, owners of the ‘Fern’ hotel brand in India. The total investment is expected to be around INR50 crore. With this investment in place, Concept Hospitality will act as the management wing of CG Group. Together, the association comprises a total of 88 hotels (existing and proposed) under eight brands, including The Zinc, Glow by Zinc, Zinc Journey, Zinc Living, Zinc City, The Fern, The Fern Residency and, Beacon Hotels and Resorts. The partnership aims to operate 200 hotels by 2020 in India, Kathmandu and East Africa.
HVS APAC HOSPITALITY NEWSLETTER.