VITS signs JV with Exhicon Group in Thailand

VITS Hotels Worldwide has announced a joint venture with Exhicon Group in Thailand. The new entity will operate under VITS-EXHICON (Thailand) Co. and an office with a seasoned team of professionals will be established in Bangkok. Vikram Kamat and Chandrakant Shetty will be directors in the new entity.
The JV partnership will work on hotel acquisitions, OTA management, staff training, procurement and F&B operations within Thailand, Malaysia, Singapore, Indonesia and Dubai. VITS Hotels will provide hotel management expertise, marketing, sales support, human resources and distribution network while EXHICON will support with its local business network, project acquisitions and overseas procurement. Both VITS and EXHICON will own 50 per cent share in the joint venture management company.
Vikram Kamat, Managing Director, VITS Hotels Worldwide, said, “Our partnership offers immense opportunities to leverage on each other’s expertise to expand the VITS hotel brand in Far East and Middle East. We aim to channelise our resources with our valued partner to establish footprints in key destinations and draw tourists from India and abroad.”
Chandrakant Shetty, CEO, VITS Hotels Worldwide, said, “With our collaboration with EXHICON Group, we are now pleased to announce the VITS luxury experience in overseas shores. The joint venture will create a formidable recipe for establishing hotels in key destinations. We will be launching our first hotel in Phuket near Patong beach by January 2018.”