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DS Group to infuse over Rs 500 Cr to expand its hospitality portfolio

DS Group to infuse over Rs 500 Cr to expand its hospitality portfolio

Dharampal Satyapal Group (DS Group), a multi-business corporation and a leading FMCG conglomerate, is set to expand its presence in the hospitality sector with a cumulative investment of over INR 500 crore 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 two-three 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 1,500 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. 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.

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