Signum Hotels announces new hotel signings in Punjab

To add 350 keys in the state within a year

New Delhi, 22 March 2022: 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.

 ‘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 one year.’

Mehul Sharma, Founder & CEO, Signum Hotels

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.
About Signum Hotels & Resorts I www.signumhotels.com
Signum Hotels and Resorts Pvt. Ltd. is a hotel management company operating hotels and resorts
across the globe. It offers exceptional service provided by a diverse team with a remarkable combined
experience of over 1000 years across varied hospitality verticals. The emerging hospitality company
currently operates 4 hotels in India across Mohali, Bhiwadi, Bengaluru and Kodaikanal, and has various
properties under development across Punjab in India and Internationally in Greece, Israel, USA, Dubai
and Belgrade. The group is fiercely determined to be the best choice for large scale as well as medium
scale investors and developers by lending their expertise in developing remarkable hotels.