Emaar plans 30,000 hotel rooms by 2015

The second category is the limited service hotel, for which Emaar has a JV with Premier Travel Inn. Under this, the company will build 80 hotels with each having room capacity between 100-125. At 100 rooms, the room capacity stands at 8,000. The rooms under the budget hotels will be priced between Rs 3,000 to 4,000. And the third category is the Formula 1 budget hotel that the company will build in joint venture with Accor. The JV will build 100 such hotels having a room capacity of 180-200 each. At 180 per hotel the capacity for Formula 1 hotel stands at 18,000. Rooms will be priced at around Rs 1,500.

Adding the three categories, the room capacity for the company stands at 31,000. The company is further exploring opportunities and will add more to its capacity with increasing opportunities evident in the Indian hotel industry, said sources.