Signum Hotels, a fast-growing hotel management company, today announced 4 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 tricity 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 & 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 year.’

Signum Hotels currently operates 280 keys in India across four hotels in Mohali, Bhiwadi, Bengaluru and Kodaikanal. Over the next two years, Signum aims to strengthen its portfolio with 30 hotels globally.