Signum Hotels, a hotel management company, announced four 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 tri city 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 and 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.’
