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Landmark Group ventures into hospitality business

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Micky Jagtiani led, the Landmark Group, which operates the Lifestyle retail stores in India, is set to enter the hospitality business, with an investment of about $30 million. The group announced plans for setting up a chain of three-star hotels, food courts, restaurants and amusement parks under a new entity Citymax Hotels. Ravi Saxena,

Managing Director of Citymax Hotels India Pvt Ltd, a Landmark Group company, said that the company plans to set up a total of 12 three-star hotels within the next 3 years across all the major cities in the country. The company also intends to set up a chain of 30 amusement zones called `Fun City’, and food courts in several malls across tier I and II cities. Meanwhile, the company is considering 15-20 brands which it would like to tie up with.

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