The Residency Group of Hotels
The Residency Group of Hotels is a hotel chain in southern India. The groups parent company is the Chennai-based Appaswamy Real Estates, which was founded in 1960 by S.Appaswamy. The group currently operates six hotels in five locations with a total of 520 rooms. The Residency Group of Hotels currently comprises six properties in Chennai, Coimbatore, Bangalore, Pondicherry and Karur. The hotels are strategically priced and cater to the needs of the business traveler. Each hotel is centrally located. The distinguishing factor of the chain is its food and beverage operations, and its restaurants are popular in the respective cities.
The Residency Towers is a 4 star luxury hotel in Chennai, The Residency Chennai, is a business hotel, The Residency Coimbatore is a 4 star luxury hotel, The Richmond Bangalore, is a boutique hotel. The Residency Karur. The Richmond Pondicherry, is a boutique hotel located in the French town close to the Ashram and beach.
Expansion
The group plans to foray into more tier 1 and 2 cities as the economic growth of the nation is demanding so. This will be through management tie-ups and by direct ownership.