Tag: Mehul Sharma

Business World, News

Signum Hotels & Resorts expand footprint in Rajasthan

May 7, 2021 by Rekha Nair 0 Comments #Founder & CEO, #Mehul Sharma, #Signum Hotels & Resorts

New Delhi: Signum Hotels & Resorts, a fast-growing hotel management company, announced its expansion in Rajasthan with Signum Eco Dera Resort & Spa, Jaipur. This is the company’s second property in Rajasthan. The resort is located 70 kms south of Jaipur, near Malpura town.

Signum Eco Dera Resort & Spa is a 36-room property offering the intertwined charms of heritage as well as modernity. Spread over 10 acres of land, the resort is a nature lover’s delight and epitomises sustainable tourism with green practices such as rain water harvesting, solar power usage, organic farming including chef’s garden, as well as dairy farming. Guests can enjoy farm to table dining with organic produce at the resort’s multi-cuisine restaurant and an eclectic range of beverages at the Bar.

On the hotel launch, Mehul Sharma, Founder & CEO, Signum Hotels & Resorts said, ‘we are happy to expand our footprint in the state of Rajasthan. Though times are challenging but leisure travel will still be the first segment to bounce back as soon as the current pandemic surge subsides. We are hopeful the current situation will improve and business will be back on track soon.’

Surrounded with natural beauty and calm, the resort is also an ideal wellness escape. The hotel spa offers a range of Ayurvedic treatments to help relax and rejuvenate. Other leisure facilities include a swimming pool and an onsite-farm, alongside a jogging track and yoga deck for the fitness enthusiasts.

Signum Dera Resort & Spa offer multiple event venues that can accommodate from 80 to 3000 pax. Guests can choose to organise events indoor or plan a more lavish, yet intimate celebration outdoors at the open-air amphitheatre with a picture-perfect mountain view as the backdrop.

Malpura, a heritage village near Jaipur, is one of the most picture perfect and naturally endowed regions in Central Rajasthan with endless vegetation, wildlife and breath-taking sand dunes. Signum Eco Dera Resort & Spa is 1.5 hrs from Jaipur International Airport and around 2 hrs from the Jaipur railway station.

Business World, News

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

Apr 8, 2021 by Rekha Nair 0 Comments #Chairman and Managing Director, #Founder & CEO, #IQI India and Chairman PaMa D’Globizen, #Mehul Sharma, #Pankaz Jaiin, #Signum Hotels & Resorts Pvt. Ltd.

New Delhi: Signum Hotels & Resorts Pvt. Ltd, a hospitality brand operating hotels in India as well as overseas 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.