Signum Hotels announces new hotel signings in Punjab

Signum Hotels, a fast-growing hotel management company, today announced 4 new hotel signings in Punjab. Signum currently operates Signum Cityscapes Mohali with 24 keys and is inching towards further strengthening its presence in the state.

Signum Hotels has signed the properties with Punjab-based real estate service provider, Ambika Group. The new hotels are being developed across tricity and will be branded as Signum Cityscapes. These hotels are expected to be operational within this year, in 2022.

Commenting on the development,¬†Mehul Sharma, Founder & CEO, Signum Hotels¬†said, ‘Punjab has witnessed an influx of tourists and businessmen in the last few years leading to increasing demand for quality hotels. Despite the global slowdown, the hospitality segment in Punjab has done well and this is attracting big developers.’ He further added, ‘This year, we aim to open one hotel every quarter in Punjab and will add an inventory of close to 350 keys in the next one year.’

Signum Hotels currently operates 280 keys in India across four hotels in Mohali, Bhiwadi, Bengaluru and Kodaikanal. Over the next two years, Signum aims to strengthen its portfolio with 30 hotels globally.

About Signum Hotels & Resorts I

Signum Hotels and Resorts Pvt. Ltd. is a hotel management company operating hotels and resorts across the globe. It offers exceptional service provided by a diverse team with a remarkable combined experience of over 1000 years across varied hospitality verticals. The emerging hospitality company currently operates 4 hotels in India across Mohali, Bhiwadi, Bengaluru and Kodaikanal, and has various properties under development across Punjab in India and Internationally in Greece, Israel, USA, Dubai and Belgrade. The group is fiercely determined to be the best choice for large scale as well as medium scale investors and developers by lending their expertise in developing remarkable hotels.

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