The Grand New Delhi is part of the Saraf Hotel Enterprises. The group operates luxury hotels in several parts of the country. The group was founded by Mr. Radhe Shyam Saraf.
The first hotel of the Saraf Group, Yak & Yeti, was opened in the heart of Kathmandu, Nepal in 1977. The second luxury hotel of the group, Hyatt Regency, was opened in New Delhi in 1980.
In 1996, the group launched The Grand New Delhi (earlier known as Grand Hyatt New Delhi), a 400-room project that opened for guests in 2000. In 1997, the group also began developing Hyatt Regency Kathmandu. The 40-acre property was the largest private sector development for tourism in Nepal. Saraf Hotel Enterprises went on to launch Grand Hyatt Mumbai, India's first mixed-use development that began operations in 2004 and immediately gained iconic status in the city.
Saraf Hotel Enterprises completed Hyatt Regency Kolkata and Hyatt Regency Mumbai in 2002. Asian Hotels Ltd., listed on the BSE, demerged in 2010. Thereafter, Saraf Hotel Enterprises took over Asian Hotels (East) Ltd., owning company of Hyatt Regency Kolkata. In 2011, the group opened Hyatt Regency Chennai, a 327-room deluxe hotel in the heart of the city. In 2012, Hyatt Place Hampi opened to become the first Hyatt Place outside North America. Hyatt Raipur also opened its door in 2014, which is a mid market hotel.
Saraf Hotel Enterprises currently has several new projects in the pipeline including Triumph Goa, Hyatt Regency Ahmedabad with 210 rooms and Andaz New Delhi with 389 rooms and 146 service apartments. Hyatt Regency Lucknow and Hyatt Regency Guwahati with 200 rooms each have also been conceived to become pioneers in their respective cities. The group is also working on a large hotel and convention centre development in Bodhgaya, Bihar
Radhe Shyam Saraf
Radhe Shyam Saraf, Group Chairman, is a well-known name in India as well as in Nepal in the fields of trade, tourism and social welfare activities. Having completed his early education, Mr. Saraf took up the responsibilities of his family and started a trading business at the young age of 17. Starting out in Kalimpong in West Bengal, India, he then branched out to Kolkata, Sikkim, Tibet and Bhutan. In 1963, Mr. Saraf moved to Kathmandu, Nepal and in 1969 he established a trading office in Hong Kong to trade with Korea, China and Japan.
Mr. Saraf's personal interest in travel and his in-depth knowledge of the Himalayan region led him to explore the tourism industry. In 1974, he launched Hotel Yak & Yeti in Kathmandu. The hotel was the first private sector project to be funded by the World Bank in Nepal. Thereafter, in 1980, Mr. Saraf tied up with Hyatt International bringing the chain's first hotel to India as Hyatt Regency New Delhi.
Social service has always been synonymous with the name Mr. Radhe Shyam Saraf. Mr. Saraf founded the Modern Indian School in Nepal in 1979. The school was the first of its kind in Nepal and, under the patronage and leadership of Mr. Saraf, it has become one of the best educational institutions in the country. In recognition, His Majesty the late King Birendra Bir Bikram Shah Dev conferred Mr. Saraf with the prestigious Gorkha Dakshin Bahu Award for his great contribution to Nepal.
Arun Kumar Saraf