Roseate Hotels looking to diversify portfolio with managed properties: CEO

New Delhi, India: Roseate Hotels and Resorts– which owns luxury properties in India and the UK — is eyeing new markets including Dubai, Italy, France and Switzerland and looking at diversifying its portfolio with a mix of owned as well as managed properties, the company’s CEO Kush Kapoor said.

In an interview to PTI, Kapoor emphasised upon the need to market India better, streamline visa processes and improve the working conditions for hospitality sector employees in terms of rationalising their working hours and better wages, as key to attracting more foreign tourists to India and having a better talent pool for the hotel industry.

The Roseate Hotels and Resorts CEO also sought rationalisation of GST rates for the hospitality sector and lowering the number of licences required for hotels to reduce the compliance burden.

“Yes the focus is very heavily on India. We definitely want to be in the upscale market and would like to grow in tier 2 and tier 3 cities also. For us the most important thing is the location of our hotels. We are getting good proposals from the owners and owning partners who are keen to partner with us in terms of management agreements. So we are also looking into that,” Kapoor told PTI.

The Roseate Hotels and Resorts CEO further elaborated on its international expansion plans.