DS Group to infuse over INR 500 Cr to expand its current Hospitality portfolio
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Dharampal
Satyapal
Group
(DS
Group),
a
multi-business
corporation
and
a
leading
FMCG
Conglomerate,
is
set
to
significantly
expand
its
presence
in
the
hospitality
sector
with
a
cumulative
investment
of
over
INR
500
crores
in
the
six
properties
it
currently
owns.
With
this
investment,
the
DS
Group
is
poised
to
achieve
a
CAGR
of
15%
in
the
hospitality
segment
over
the
next
2-3
years
which
is
higher
than
the
industry.
As
part
of
its
expansion
plan,
DS
Group
aims
to
acquire
three
new
properties
over
the
next
three
years
to
make
it
a
total
of
nine
premium
properties
across
the
country.
The
three
new
properties
will
be
in
India’s
North
and
Eastern
regions.
Upon
completing
this
expansion
plan,
DS
Group
aims
to
have
a
total
of
1500
keys
across
its
hospitality
properties
thus,
reinforcing
its
position
in
the
hospitality
industry.
The
growth
strategy
will
incorporate
a
mix
of
organic
and
inorganic
elements.
Kumar
Commenting
on
the
announcement,
Rajiv
Kumar,
Vice
Chairman,
DS
Group,
said:
“DS
Group’s
strategic
growth
vision
is
aligned
to
the
overarching
vision
of
delivering
exceptional,
meticulously
crafted,
and
memorable
guest
experiences
to
leverage
the
synergies
while
aiming
to
capture
new
market
opportunities.
With
our
valued
partners,
we
are
very
optimistic
about
our
future
and
aim
to
create
meaningful
value
for
all
our
stakeholders.”
The
DS
Group
has
been
in
the
hospitality
business
since
2000.
Presently,
its
hospitality
portfolio
encompasses
six
distinguished
properties
such
as-
The
Manu
Maharani
in
Nainital
and
Namah
in
Jim
Corbett
National
Park,
which
are
both
members
of
Radisson
Individuals,
Radisson
Blu
Hotel
Guwahati,
Crowne
Plaza,
Jaipur
Tonk
Road,
Holiday
Inn
Express,
Kolkata
Airport
and
the
Marriot
managed
Renaissance
Hotel
in
Bengaluru.
