Signum Hotels Announces New Hotel Signings in Punjab

Add 350 keys as is within a year.

NEW DELHI- Hotels in Signum, a fast growing hotel management company, has announced 4 new hotel signings in Punjab. Signum currently operates Signum Cityscapes Mohali with 24 keys and is set to further strengthen its presence in the state.

Signum Hotels signed the properties with a Punjab-based property service provider, Ambika Group. The new hotels are being developed in the tricity and will carry the Signum Cityscapes brand. These hotels are expected to be operational during this year, in 2022.

Commenting on the development, Mehul SharmaFounder and CEO, Signum Hotels said, ‘Punjab has seen an influx of tourists and business people over the past few years, which has led to an increasing demand for quality hotels. Despite the global downturn, the hospitality segment in Punjab has performed well and is attracting major developers. He further added, “This year, we are aiming to open one hotel every quarter in Punjab and will add an inventory of nearly 350 keys over the next 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 worldwide.

About Tammy N. McFarlane

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