24 C
April 17, 2024
Tourism Quest news

NOESIS Revolutionizes Hospitality Infrastructure in Mumbai Metropolitan Region with Unprecedented Hotel Tie-ups

NOESIS Revolutionizes Hospitality

NOESIS, the premier hotel investment and consulting firm in India, has achieved remarkable success by facilitating brand tie-ups for 904 hotel keys across 10 hotels in the Mumbai Metropolitan Region Development Authority (MMRDA) area. These strategic partnerships with renowned international and national hotel chains demonstrate NOESIS’ unwavering commitment to constructing high-quality and resilient organized hospitality infrastructure.

NOESIS has played a pivotal role in transforming the hotel landscape, with approximately one-third of the hotels being conversions, while the rest were established through collaborations with brands at greenfield or brownfield stages. Leveraging its extensive expertise, NOESIS has provided comprehensive services such as feasibility reports, valuation studies, brand search, and fundraising (debt/equity) to many of these hotels.

The following is a list of hotels that have successfully formed alliances with prominent brands through NOESIS’ efforts:

  1. Lemon Tree Premier Malad West – 120 rooms
  2. Bloom Saki Vihar, Andheri East – 120 rooms
  3. Bloom Suites at Western Express Highway, near the domestic airport – 104 rooms
  4. Ginger, an IHCL Brand, Goregaon East – 102 rooms
  5. The Fern Resort, Badlapur – 100 rooms
  6. The Fern, Palghar – 81 rooms
  7. Adiva Beacon (Fern), Grant Road, South Mumbai – 80 rooms
  8. Beacon (Fern) Navi Mumbai – 69 rooms
  9. Regenta Juhu – 68 rooms
  10. Bloom Boutique Bandra West – 60 rooms

The operational hotels, following their brand tie-ups, have exhibited exceptional returns on investment, with some surpassing the yields of commercial office spaces. NOESIS’ expertise in the hospitality sector has played a crucial role in driving this success.

Furthermore, NOESIS is currently engaged in 12 ongoing and upcoming hotel projects across the MMR region. The firm provides essential services including fundraising, operator/brand selection, and feasibility studies for these projects. With significant infrastructure developments such as Metro lines, the Coastal Road, the Navi Mumbai Airport, and the Mumbai Trans-Harbour Link Project improving connectivity, investors are increasingly attracted to hotel investments in the suburbs and outskirts, where land costs remain manageable.

Nandivardhan Jain, Founder & CEO, NOESIS
Nandivardhan Jain, Founder & CEO, NOESIS

Nandivardhan Jain, Founder & CEO of NOESIS, expressed his pride in the firm’s accomplishments in transforming the hospitality infrastructure of the Mumbai Metropolitan Region. He attributed the phenomenal growth in branded room supply to the expertise and commitment to excellence exhibited by the NOESIS team. Jain envisions a 100% growth in the next five years.

With over 2,100 completed assignments to date, NOESIS operates from offices in Mumbai, Gurugram, and Bangalore, ensuring comprehensive coverage and support for its clients.

Related posts

Arabian Travel Market Returns to Dubai with 1,500 Exhibitors, Representatives from 112 Destinations, and an Anticipated 20,000 Attendees


Public Transport in Cork to Receive €600M Investment Boost


7 Unmissable Celebrations for a Luxurious Holi


Leave a Comment