India-based luxury hospitality firm Roseate Hotels & Resorts has announced plans to expand into the Middle East via acquisitions.
The company, which is owned by the Bird Group conglomerate, said in an April 17 statement that it was looking for opportunities in the region and would be participating in Arabian Travel Market next week to scout the market.
Its current footprint comprises five hotels in India and the UK including locations in New Delhi and London.
“The Middle East is an attractive business and leisure destination with tremendous growth potential; therefore, it is imperative for a company with global aspirations such as ours to have a presence here,” said Bird Group executive director Ankur Bhatia.
The Gulf Cooperation Council region has proven to be a draw for international hotel brands, with the majority now represented in dozens of regional locations.
US hotel operator Hilton said on Monday it would triple its Middle East portfolio to 122 properties in the coming years.
