Rendezvous Hotels and Resorts International (RHI) has formed a Joint Venture Company with Chennai-based X S Real Properties Ltd, for managing hotels and resorts in India.

The new JV company, which will be christened ‘Rendezvous India Hospitality Pvt. Ltd’ would initially focus on strengthening business in southern India by utilizing X S Real's terrain and local market network.

Rendezvous, a subsidiary of the Singapore-listed company Straits Trading, plans to manage at least 10 hotels in the next three years in this region through the JV company. The Joint Venture is expected to become operational by the end of current fiscal.

Under the arrangement, RHI would own 51 per cent stake in the JV, while the balance stake will be held by X S Real's terrain and local market network to establish business.

Presently, the JV firm is in talks with developers to manage hotels. The company officials haven’t provided further information as the deals are in early stages.

Rendezvous currently operates in 11 cities across Asia Pacific and the company employs over 2,500 persons.