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Eco plans 100 Indian hotels

May 22, 2014 12:52 pm Category: India subcontinent, investment, Latest News A+ / A-
Eco claims to have developed the world's first carbon neutral hotel

Eco claims to have developed the world’s first carbon neutral hotel

UK company Eco Hotels, which claims to have developed the world’s first carbon neutral hotel brand, has announced plans to set up 100 eco-friendly hotels in India over the next eight years.

Eco founder Suchit Punnose, who heads Eco’s ownership company Red Ribbon Asset Management, said the company intended to develop an inventory of 10,000 rooms by 2022.

Red Ribbbon is setting up a steel modular buildings factor in Indapur, Pune, which will commence production in 2015 with an annual capacity to roll out 40 hotels a year.

“The ability of the steel modular technology to deliver a hundred room hotel completed in 24 weeks on a fixed cost and time guarantee is a power tool for Eco Hotels to achieve its roll-out target,” said Punnose.

The hotels will have solar roof top power and wind turbines, and have high LEED ratings as a result of the modular technology. The project will create employment for around 12,000 people over the construction phase.

Jay Krishnan, chief executive of Eco Hotels UK, said the company had identified issues in the Indian hotel sector, and believed it could build a comparative advantage in the market.

“We have definitive plans to deliver uniform guest experience and value for money in a professional manner across all our properties,” said Krishnan.

“We will be setting a clear and committed target to ensure that there is responsible and sustainable development in our hotel properties and lead the way to setting a genuine commitment to tackling the environmental impact of hotels which is one of the most polluting industries in the world.”

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