New Delhi, Oct. 25 -- Mumbai-based Shree Naman Group is targeting at least 2,500 hotel rooms over the next five years, as it looks beyond its home market to build a national hospitality portfolio through acquisitions and new developments.

The group, which owns Sofitel Mumbai BKC, has expanded its operating portfolio to around 1,000 rooms across Mumbai, Bengaluru and Pune following the acquisition of JW Marriott Bengaluru and Crowne Plaza Pune at a combined enterprise value of about Rs.1,800 crore.

The two hotels add around 450 rooms to a business that had approximately 370 rooms three years ago, Harsh J. Shah, director of Shree Naman Group, told Mint.

"From being a single micro-market hotel player, we've expanded considerably and now h...