NEWS | Signum Hotels & Resorts and Leading Global IPC IQI Announce Joint Venture To Promote Domestic Tourism In The Post Covid India

 Signum Hotels & Resorts and Leading Global IPC IQI Announce Joint Venture To Promote Domestic Tourism In The Post Covid India 

Plan an investment of USD 150 Million in developing hospitality assets across India, and globally

New Delhi, 7 April 2021: Signum Hotels & Resorts Pvt. Ltd, a hospitality brand operating hotels in India as well as overseas, today announced a strategic joint venture with the leading real estate player, IQI India. The joint venture committed an investment of USD 150 Million in developing hotel assets across the country, and globally, over a period of 2 to 5 years.

The joint venture, announced at a press event in the city, comes at a time when the Indian hospitality industry is triggering a recovery phase. Though the investments in the sector are at its lowest, the partnership will capitalize on the opportunity to identify and acquire assets at competitive deals, and aims to develop 5000 keys over a period of next 2-5 years. The expansion will be fueled through mergers, acquisitions and property investments across metros, tier 2 and 3 cities in India to promote domestic as well as inbound tourism to experiential destinations, pilgrimage, getaways and key places of interest. 

Addressing media at the event, Mehul Sharma, Founder & CEO, Signum Hotels & Resorts Pvt. Ltd. said, ‘We are pleased to be forming this strategic joint venture with IQI India to accelerate our expansion in the country where IQI brings in assets and Signum operates these assets. No hotel brand is successful without a real estate partner, and this joint venture will capitalize on IQI’s global real estate prowess to identify and develop the right assets.’ Mehul further added, ‘At present, domestic tourism is the leading light to recovery for the Indian hospitality industry, and our partnership aims to further fuel growth in the domestic sector, in turn generating more employment opportunities and contributing to government’s #vocalforlocal initiative.’

IQI India, is the India arm of the Global IPC IQI based in Malaysia having operations in 17 countries through PaMa D’Globizen. Pankaz Jaiin, Chairman and Managing Director, IQI India and Chairman PaMa D’Globizen said, ‘Our team experience of decades in the India Real Estate and Retail Market coupled with our access and network through more than 200 cities across India fosters our confidence in the Indian hospitality market and we are eyeing an aggressive expansion in commercial real estate segment. It is about time Bharat gets an experience that has been closely nestled in the urban India and at the same time open up the gateways of the real Bharat to the world to relish and capture in their selfie moments.’ 

While expansion in the Indian market will remain the focal point of this collaboration, opportunities to expand overseas will also be explored given IQI’s strong International presence. Regions in South East Asia like Singapore, Bangkok and Indonesia, significant parts of Europe and Americas will remain of particular interest for any expansion opportunities. 

About Signum Hotels & Resorts Pvt. Ltd.  https://www.signumhotels.com/ 

Signum Hotels and Resorts Pvt. Ltd. is a hotel management company operating hotels and resorts across the globe. It offers exceptional service provided by a diverse team with a remarkable combined experience of over 1000 years across varied hospitality verticals. The emerging hospitality company has already made its mark with 12 hotels across India, 18 service apartments in London, property signings in Greece, Israel, USA, Dubai, Belgrade, and vies to manage 5000 keys by 2023. 

The India based, global hotel management company provides B2B services in the form of hospitality solutions and caters to the B2C market as well. In addition to India, brand Signum currently operates offices across Dubai, Canada, Belgrade, US as well as London. The group is fiercely determined to be the best choice for large scale as well as medium scale investors and developers by lending its expertise in developing remarkable hotels. The company is a beacon of elegance and a treasure trove providing contemporary facilities.

As a brand, Signum Hotels strive to provide exemplary service and deliver “experiential stays”. By combining luxury with simplicity, the brand helps customers to revitalize and experience elegance at a price that would not burn a hole in their pockets. Since the inception of the brand, Signum Hotels has soared to new heights with properties at best locations in India and abroad, and continue to expand aggressively.

About IQI India https://iqiindia.com/ 

IQI India is the India arm of leading Global IPC IQI Global and Juwai IQI, based out of Malaysia. The India operations are headed by Pankaz Jaiin as Chairman and Managing Director. IQI India team comprises team with expansive background in retail & real estate pan India. 

At IQI we do things differently. Our strong desire to improve the way the industry operates means that we are constantly challenging tradition and adapting to the needs of a rapidly changing world. We are committed to offering you an extensive range of properties and comprehensive services worldwide. 

Combining global insight and industry practices with local knowledge ensures that IQI maintains a structured and disciplined approach with the goal to create wealth for investors. We have a reputation for uncompromising professionalism and honesty and have earned the trust of our clients around the world.

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