HVS, world’s leading hospitality consulting and services organization provides a variety of services to the hospitality industry. With global brands expanding their portfolio in the country, it has become all the more important to bridge the ever-existing gap between the owner and the operator, and ensure alignment of interests resulting in optimal performance of the asset. This has led to Hotel Asset Management being looked at as a natural solution and HVS, with its newest vertical aims to explore this opportunity.
HVS Asset Management and Strategic Advisory brings with it strong operational experience, understanding of hotel market dynamics, expansive database of operational and investment benchmarks, and keen awareness of value-drivers for a hotel property.
Ramnidhi Wasan has come on board as a Managing Director to head this vertical at HVS India. A keen strategist, Ram has expertise in setting up large scale green developments and managing entire operations with key focus on profitability. In a career that started at the Oberoi Hotels and then at DLF, he went on to commission and operate India’s first designer boutique hotel, The Manor, in New Delhi. Ram also spearheaded a team of 200 hospitality professionals and monitored the development plan of 100 plus highway plazas, food courts and the motels’ framework for the Reliance Group, this was the largest ever Greenfield project for establishing hospitality networks in India with the steepest ramp-up ever seen. The project was awarded the Retail Concept of the Year at IMAGES Retail Award 2005 & Franchiser of the Year at the Franchisee India Awards 2005.
As the COO – Development at Chalet Hotels, a K Raheja company, Ram played a stellar role in projects such as the Westin in Hyderabad, Renaissance Hotel & Convention Centre in Trivandrum, Renaissance Hotel & Convention Centre in Powai and Four Points by Sheraton in Vashi among others. In his last assignment prior to joining HVS, Ram was instrumental in creating a home-grown hotel brand – Citrus, from the scratch and had successfully established a pipeline of over 1,000 rooms in less than two years. He was also associated with MAN-U Cafe Bars, Falafel QSR and Khandani Rajdhani restaurants, effectively leading the Group’s expansion in the sphere of hospitality.
Ram holds a postgraduate diploma in hotel management from the Oberoi School of Hotel Management and a diploma in hotel management (Catering Technology & Nutrition) from Pusa Institute, New Delhi.
