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VITS Hotels signs JV with Exhicon Group of Thailand

Saturday, December 9, 2017, 11:41 Hrs  [IST]
HBI Staff|New Delhi

VITS Hotels Worldwide, a prominent player in the hospitality industry in India, has announced signing of Joint Venture with Exhicon Group of Thailand. The collaboration will accelerate VITS brand of luxury hotels portfolio in the global hospitality market. The new entity will operate under VITS-EXHICON (Thailand) Co. Ltd. and an office with seasoned team of professionals will be established in Bangkok. 

Vikram Kamat, Managing Director and Chandrakant Shetty, CEO of VITS Hotels will be Directors in the new entity.  

The JV partnership will work on Hotel Acquisitions, OTA Management, Staff Training, Procurement and F & B operations within Thailand, Malaysia, Singapore, Indonesia and Dubai. VITS Hotels will provide hotel management expertise, marketing, sales support, human resources and distribution network while EXHICON will support with its local business network, project acquisitions and overseas procurement. Both VITS and EXHICON will own 50% share in the joint venture management company. 

 Commenting on the Joint Venture, Vikram Kamat, said, “We are extremely proud to announce our joint venture with EXHICON Group. Our partnership offers immense opportunities to leverage on each other’s expertise to develop and expand the VITS hotel brand in Far East and Middle East. We aim to channelize our resources with our valued partner to establish footprints in key destinations and draw tourists from India and from across the world. This agreement will effectively endorse VITS’ strong brand portfolio, impeccable track record of providing world class hospitality management, human resources & training, technology and innovation to cater to the potential market in these regions”

VITS hotel is presently operational in 10 locations in India namely Mumbai, Pune, Dwarka, Amritsar, Aurangabad, Latur, Ankleshwar, Silvassa, Agra and Bhubaneshwar. The Hotel chain presently has inventory of 700 rooms with host of banqueting, conferencing, restaurant and lifestyle facilities.  

EXHICON Group is one the prominent player in Events, Exhibitions, Media and & Multipurpose Event Venue Company. The company has operates 3 Hotels and F&B businesses in Thailand. Both VITS and EXHICON have been previous associated in creation of Orchid Convention Centre, the biggest multipurpose event venue in Maharashtra.

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