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Planet Hollywood To Set Up Hotels & Resorts In India
Ashish K Tiwari - Mumbai
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For the Planet Hollywood hotels, we are looking at New
Delhi, Mumbai and Bangalore while Goa will sport the Planet Hollywood
resorts
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As part of the international roll out of its latest diversification
into the hotels, resorts and casino business, Planet Hollywood International
Inc (PHII) is poised to launch its new venture in India. The company’s
master franchisee Arch Millennium Corp (AMC), which will develop five Planet
Hollywood restaurants in India, will also be responsible for bringing in PHII’s
hotel and resort properties in the country.
In an exclusive to Express Travel & Tourism,
Siddharth Mobar, promoter and founder president of Arch Millennium Corp,
said, “Being the world’s largest franchisee of Planet Hollywood, we
are working very closely with them to develop their hotels and resorts as well.
Besides the restaurants, our primary task today is to develop the Planet Hollywood
Resort and Casino brand in India.”
A market survey conducted by Arch Millennium Corp has identified certain Indian
metros as potential destinations for Planet Hollywood’s hotels and resorts.
To start with, AMC is looking at four properties - hotels and resorts - depending
on the market potential. Confirmed Mobar, “For the Planet Hollywood hotels
we are looking at New Delhi, Mumbai and Bangalore while Goa will sport the Planet
Hollywood resorts.” While AMC is investing close to USD 15 million on the
five Planet Hollywood restaurants in India Mobar couldn’t confirm the investment
details for the hotels and resorts venture. However, he did indicate that it
will take his company a minimum of 18 months to launch Planet Hollywood’s
hotel, resort and casino venture in India. “It will take us a year and
a half to introduce our first hotel brand into India,” said Mobar.
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