HVS and ANAROCK Join Forces to Tap Into India's $210 Billion Hospitality Market
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MUMBAI, May 17, 2018/PRNewswire/ --
- Partnership to boost HVS India's annual turnover by up to 75%
- Multiple big-ticket hotel funding, divestments and acquisitions already underway
India's leading real estate services firm ANAROCK Property Consultants today announced its partnership with HVS, the global hospitality sector leader. As a new business vertical of the ANAROCK Group, HVS ANAROCK will focus on brokerage, feasibility studies, operator searches, appraisals, executive search and other hospitality sector consulting and advisory services throughout South Asia.
(Logo: https://mma.prnewswire.com/media/657482/ANAROCK_Logo.jpg )
Anuj Puri, Chairman - ANAROCK Property Consultants takes on the added role of Chairman - Hospitality at HVS ANAROCK and the firm's soon-to-be-appointed CEO will report to him. Shobhit Agarwal, MD & CEO - ANAROCK Capital, will head the transactions vertical at HVS ANAROCK.
Stephen Rushmore Jr, President & CEO - HVS, commented, "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. 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. 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."
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. "Tourism in India is growing by over 15% annually and the launch of HVS ANAROCK coincides with some of the most exciting times for the Indian hospitality industry."
Shobhit Agarwal has already concluded hospitality-specific capital markets deals worth over US$ 2 billion in his previous assignments across key markets. "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," he said. "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."
Thousands of hotel owners, developers, investors, lenders, management companies and public agencies around the world rely on HVS to support confident, informed business decisions. Since literally writing the book on how to value a hotel in 1980, HVS has evolved into the global hospitality sector professional services leader by continually providing its clients with unrivalled hospitality intelligence.
Today, HVS has a team of more than 300 people located in over 50 offices throughout the world who specialize in all types of hospitality assets: hotels, restaurants, casinos, shared ownership lodging, mixed-use developments, spas and golf courses, as well as conventions, sports and entertainment facilities.
For further details, please visit http://www.hvs.com
The ANAROCK Group is India's leading specialized real estate services company with diversified interests across the real estate value chain. Anuj Puri, the Group's chairman, is a highly-respected industry veteran and India's most prominent thought leader in the real estate domain. He has over 27 years expertise in leveraging Indian and global real estate opportunities.
ANAROCK Group's key strategic business units are residential broking & advisory, capital markets and investment covering debt, equity and mezzanine funding, and research & consulting. The ANAROCK Investment arm operates an industry-first proprietary investment fund to bulk-purchase residential inventory, enabling consumer sales at significant discounts. ANAROCK's growing business teams account for 1500 of the real estate industry's most qualified and experienced professionals. With operations across all major Indian markets and dedicated services in Dubai, ANAROCK also has global business coverage via 80,000+ hand-picked channel partners. Every facet of ANAROCK's rapidly-expanding business portfolio is governed by the Firm's core assurance to its clients and partners - Values over Value.
For further details, please visit http://www.anarock.com
Media Contact: Arun Chitnis [email protected] +91-9657129999 Head - Media Relations ANAROCK Property Consultants
Stephen Rushmore Jr [email protected]
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