Eco Hotels plans to invest £ 5 m ( $ 6.3 m ) to develop carbon - neutral , modular hotels in India catering for the country 's middle class , and aims to have a chain of 200 establishments across Asia . The prefabricated buildings will be produced off - site by sister company hotels Ribbon , while the hotels will be located near business districts in between one and two hotels . Eco Hotels , which may launch a London IPO later this year , will use the initial funding to acquire a management company with a refurbishable portoflio of rooms .
Eco Hotels plans to raise £5m ($6.3m) to develop carbon-neutral, modular hotels in India catering for the country's middle class, and aims to have a chain of 200 establishments across Asia. The prefabricated buildings will be produced off-site by sister company Red Ribbon, while the hotels will be sited near business districts in tier one and two cities. Eco Hotels, which may launch a London IPO later this year, will use the initial funding to acquire a management company with a refurbishable portoflio of rooms.