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Planet Hollywood To Set Up Hotels & Resorts In India
Ashish K Tiwari - Mumbai
As part of its 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 companys master franchisee
Arch Millennium Corp (AMC), which will develop five Planet Hollywood restaurants
in India, will also be responsible for bringing in PHIIs hotel and resort
properties in the country.
In an exclusive to Express Hotelier & Caterer,
Siddharth Mobar, promoter and founder president of Arch Millennium Corp, said,
Being the worlds 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 Hollywoods 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 couldnt 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 Hollywoods 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.
An investment group led by Planet Hollywood founder Robert Earl recently purchased
the Aladdin Resort and Casino, which is located in the heart of the Las Vegas
Strip. Once renovations are complete in 2006 the property will be re-branded
the Planet Hollywood Resort and Casino. The property has over 2,500 guest rooms,
110,000 square feet of casino and a 7,000-seat theatre for concerts, shows and
TV broadcasts.
PHIIs largest master franchisee Arch Millennium Corps sister concern
Shubh Hotels USA owns and operates Marriotts, Sheratons and Doubletree Hotels
in USA.
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