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The hotel chain manages 32 properties globally of which most are self-owned

Hotel chain EIH is planning to invest INR1.5 billion over the next two years on new projects.

The hotels operator is looking at locations like London, Paris, New York, Shanghai, Beijing and Bangkok for management control of existing and upcoming properties.

The hotel chain manages 32 properties globally of which most are self-owned.

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The Kolkata-based firm plans to increase average room rentals by 8-10 percent in Sept-Oct.

Founders of EIH Hotels are keen to raise their stake in the firm from the existing 46.4%.