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C.  Criteria for Hotels

 

USA (All states)

 

Minimum Land Size 3.0 Acres (except in CBD Locations)
Maximum Size 5.0 Acres
Number of Rooms 200+ Rooms 
Type Limited/Full Service/Extended Stay/All Suite
Occupancy 40% or better
Construction  Interior Corridor only
Height 5 storey (minimum)
Age 25 years or less
Price 25% below market value or better
Locations CBD, Airport or Class A commercial locations
Businesses within 3 mile radius 2,000 (minimum)
Flag Full service, upscale branded or potential for branding

INDIA (New Delhi, Mumbai, Bangalore, Hyderabad, Chennai, Kochi, Ahmedabad, Kolkata, Pune, Jaipur,

             Patna, Noida and Coimbatore)

 

Minimum Land Size

1.0 Acres

Maximum Size

5.0 Acres

Building Size

50+ Rooms

Rating

3 star or better

Occupancy

60% or better

Construction

Interior Corridor

Height

3 storey (minimum)

Age

15 years or less

Price

10% below market value or better

Locations

CBD, Airport or Class A Commercial Locations, including

 

major pilgrimage and tourist centers


UAE (Dubai, Abu Dhabi and Sharjah only)

 

Number of Rooms

100+ Rooms

Type

Limited/Full Service/Extended Stay/All Suite

Occupancy

40% or better

Construction

Interior Corridor only

Height

5 storey (minimum)

Age

20 years or less

Price

25% below market value or better

Locations

CBD, Airport or Class A commercial locations

Flag

Full service, upscale branded or potential for branding



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