Private equity and funding players in hospitality deals

Strong tourism growth in India has led to a new partnership with partners projecting a 75% turnover boost from hospitality businesses in the coming years, going by the increasing interests seen from private equity and funding players.

The partnership of real estate services firm ANAROCK Property Consultants and HVS, the global hospitality sector leader, is banking on 15% growth forecast in India’s tourism sector.

HVS ANAROCK will focus on brokerage, feasibility studies, operator searches, appraisals, executive search and other hospitality sector consulting and advisory services throughout South Asia.

Capital market veteran, Shobhit Agarwal, MD & CEO of ANAROCK Capital, will head the transactions vertical at HVS ANAROCK.

Added Agarwal “There is a huge number of funding, divestment and acquisition deals to be tapped into, and HVS ANAROCK already has excellent relationships with India’s leading hospitality operators.”

“Over the past four years, India has seen some 4-5 major hospitality-related deals annually, with leading private equity players being active participants on the funding side,” he said.

“India has always been an exciting market for us, and we are targeting a concentric outward growth into the hottest South Asian markets from here,” said Stephen Rushmore Jr, President and CEO – HVS on announcing the partnership in Mumbai on 17 May 2018.

“HVS India has had more than two decades of exposure in the country, and we anticipate the partnership will leverage ANAROCK’s proprietary real estate funding platform to increase HVS India’s revenues by up to 75% over the next two years,” he said.

“We are very excited to partner with ANAROCK as we share a strong professional and cultural fit. Together, we foresee rapid expansion in the region and will be able to tap into more resources to serve our clients better than ever,” said Rushmore Jr.

ANAROCK Property Consultants chairman Anuj Puri has taken on the added role of Chairman of Hospitality at HVS ANAROCK with the firm’s soon-to-be-appointed CEO reporting to him.

Anuj Puri confirmed that ANAROCK is in the process of rapid expansion in terms of both geographies and business verticals, and the launch of HVS ANAROCK dovetails perfectly with these plans.

“HVS is the leading global hospitality player, and we have aligned our synergies to tap into this market in India and beyond,” he said, pointing to the 15% annual growth in Indian tourism. fii-news.com