Residency Group on expansion mode

The Residency Group of Hotels plans to take the inorganic route to strengthen its footprint across cities. “We are looking for acquisition in Bengaluru and Hyderabad, but nothing has been finalised yet,” Ravi Appaswamy, Managing Director told BusinessLine . “However, expansion in the North will happen after stabilising our position in the South,” he said. The Group with properties in Chennai, Coimbatore and Karur is gearing up to start operations in Madurai, Mysuru and Puducherry soon.