We are considering that new supply of upscale hotels in metro cities can only come 3 years later as building a new upscale hotel asset is time consuming , but can't other hotel chains acquire commercial buildings and convert them into hotels (just like Samhi did in HYD i guess) or maybe acquire a midscale property and change the fit outs to meet upscale hotel standards ?
I would assume if other hotel chains expanding through these routes then supply can be added way faster than what we currently expect .
Perfect..thanks for the note
We are considering that new supply of upscale hotels in metro cities can only come 3 years later as building a new upscale hotel asset is time consuming , but can't other hotel chains acquire commercial buildings and convert them into hotels (just like Samhi did in HYD i guess) or maybe acquire a midscale property and change the fit outs to meet upscale hotel standards ?
I would assume if other hotel chains expanding through these routes then supply can be added way faster than what we currently expect .
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Wonderful, Can you give one such update on Pidilite Industries
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