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Sayaji Hotels Opens “Barbeque Nation” Restaurant At Hyderabad
Posted by Pradeep Sadanapalli | July 22, 2007 | 750 views
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Loading ...Launching its restaurant chain foray with the fine-dinning restaurant brand “Barbeque Nation” in December last year, Indore-based Sayaji Hotels Ltd (SHL) has announced that Company’s third restaurant is opening on July 18, 2007 at ANR centre, Banjara Hills, Road No 1, Hyderabad opposite to “City Center” mall.
The first two restaurants are in operation at Pali Hill, Mumbai and Indra Nagar, Bangalore. The Barbeque Nation Restaurant at Hyderabad will be identical in terms of their capacity, ambience and offerings. It will be open for both, Lunch and Dinner. The sitting capacity of the restaurant is approx. 115 pax.
Upbeat on the restaurant sector in Indian, Sajid Dhanani, managing director of Sayaji Hotels Ltd, has ambitious plans for Barbeque Nation in India and overseas. Starting with SEC A Indian cities like Mumbai, Bangalore, Hyderabad, New Delhi etc in the first phase, SHL will then take its restaurant brand into the SEC B cities of the country. The company has earmarked a capital investment of over Rs 50 crore to meet this expansion.
“We are targeting over 100 restaurants in the next five years. The funding will be done through internal accruals and debt financing,” said Dhanani. Having consolidated in the Indian market, SHL will then look at extending the restaurant brand to other Asian countries. Company has earmarked a capital investment of over Rs 50 crore for expansion.
SOURCES:
Equity Bulls
DNA India
Topics: Restaurants, Business News |
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