Palm Holdings is embarking on its most exciting project yet! India is one of the worlds most booming marketplaces. In the hospitality industry the supply of hotels can not keep up with the demand. India’s marketplace today has the same number of rooms as the metropolis of Orlando. Already owning a substantial land bank in India, Palm Holdings has been carefully monitoring the hospitality and commercial office industry and is going in with full force!

With a recently developed partnership with Trikona Capital, Trikona and Palm Holdings has allocated 200 million dollars to build and manage a minimum of 16 newly built hotels or 2000 rooms spread all over India. With the recent opening of a new office in Pune, India we see this project taking Palm Holdings to the next level of Asset Management.

Trikona Capital (http://trikonacapital.com) has a diversified portfolio of investments in the residential, commercial, hospitality and industrial sectors dedicated to India. They manage Trinity Capital PLC, a 250 million pound fund, listed on the London Stock Exchange which is dedicated to investing in real estate in India. Trikona Capital also has partners in value added fields such as a large India wide land bank portfolio. Trikona’s mission is “to be a premier institutional platform to invest in Indian real estate and infrastructure”

Apart from developing our asset division India is also a new beginning for Palm Hospitality our management division. As we have developed our relationships with key brands we have become one of Indias preferred managers in the 4 star segment for Starwood and Hilton Hotels. This enhanced partnership with the worlds best brands will help Palm Hospitality gain more management contracts on top of the 16 hotels being built by Marigold Hospitality. In fact, Palm Holdings has recently signed a contract with Hilton India to build and manage 16 Hampton Inn by Hilton Hotels by 2013.

Palm Holdings is currently on an aggressive look out for what we do best. We are currently looking for further Joint Ventures, land purchase opportunities, and opportunities to gain further management contracts.