Home Retail Landmark Group ventures into hospitality business

    Landmark Group ventures into hospitality business


    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.