US hotel group to enter Indian luxury real estate

US based Preferred Hotel Group (PHG) will soon enter into the Indian luxury real estate market with its Time Share model, Preferred Residences. The company had launched the brand in the US market in collaboration with Interval International timeshare exchange network in early 2007. PHG has enlisted eight hotels under the Preferred Residences brand in the US in the last one year. PHG, which entered India with a single hotel property in Delhi, The Imperial, in 2002, has 18 hotels in India now, including the four hotel properties the group added recently. Out of these 18 hotels, two are under the Sterling brand; two under the Summit brand and the rest are under the Preferred Hotels and Resorts brand. “Currently, we are the second largest brand in India, just behind Starwood. Internationally, we are one of the fastest growing brands with a total of 685 hotels across 75 countries,” says Ananya Narayan, Senior Vice President - Global Strategy, PHG

Thats not a bad idea, awsome hotel rooms as shared time flats... Cheers!