Choice Hotels International Inc. of Silver Spring-based, Maryland has agreed to acquire the remaining 60 percent ownership interest in Choice Hospitality (India) Ltd.
Choice Hospitality India has 28 properties in 21 destinations in India and another 14 properties under different stages of development.In years to come the company plans to add 20-30 new hotels each year, mostly in second tier towns, according to Choice India CEO Vilas Pawar
Takeaway: 100 percent ownership of Indian entities by US corporations is often becoming quite desirable. Growth in second tier towns in a significant factor to many new entrants. (In fact I was featured on Bloomberg TV in an interview on this very subject, click here)
