Global real estate company The Expat Group has acquired hotel management institute Ecole Hoteliere at Lavasa, a part of the Ecole hôtelière de Lausanne in Switzerland, for an undisclosed amount, the company said on Tuesday.
Through this deal, Expat Group has entered into the education domain.
"We believe this partnership will provide a real fillip to young, talented individuals looking to build a career in the hospitality industry by providing facilities and education that compares favourably with global standards but within the reach of Indian students,” said Nathan Andrews, director – projects, Expat Group and director, Ecole Hoteliere at Lavasa.
Ecole Hoteliere at Lavasa offers students a combination of real world learning opportunities, including multiple star hotels, restaurants, convention center, club and outdoor catering all within immediate access to the campus.
It is located at Lavasa, a market city development in west India. Promoted by public listed construction firm HCC, Lavasa is in the queue to float its initial public offer (IPO).
"Ecole Hoteliere at Lavasa is a premier hospitality institute with a modern approach towards hospitality management and is a perfect match for our vision for the education segment. The experience gained by the students will make them thorough professionals with an in-depth understanding of the business," said Santosh Shetty, CMD, Expat Group.
Incepted in 1994, Expat Group is into real estate related business including transaction and investment advisory besides being a developer and owner of projects itself. Headquartered in Bangalore, it also has a significant presence in the Middle East besides the US, Africa and Southeast Asia.