Premier Inn hotels in India, located in New Delhi, Chennai, Bangalore, Pune and Goa, are being offered for sale through an international tender process with JLL Hotels & Hospitality Group. The bid is scheduled for December 19 to 23, 2016. Premier Inn’s India portfolio of five hotels in prime locations in the nation’s best performing cities, will be among the largest hotel portfolios offered in India in recent times. They include a total of 583 room keys. Mr. Mike Batchelor, Managing Director of Investments Sales, JLL Hotels & Hospitality Group, Asia said, “Hotel portfolios with vacant possession, occupying prime central locations and of this scale are rare and hard to come by in the current market. There is an expected high level of interest from global, regional and domestic investors attracted to this opportunity as they are able to immediately rebrand the hotels to the operator of their choice upon purchase.” India continues to be a top ranked destination with reasonable GDP growth of 7.6 percent. On India’s growing hospitality investment sector, Paul Chakkrit, Senior Vice President, JLL Hotels & Hospitality Group, Asia, says, “Given that we are witnessing the beginning of an up cycle in the sector and renewed interest in Indian hospitality assets by global institutional investors, the Premier Inn opportunity of unencumbered income-generating assets in top Indian cities is sure to be keenly contested.”