Disproportionate increase in property price in metro cities has resulted into expansion of hotel industry to small cities. The Giants of hotel industry are shifting their focus to cities like Ahmedabad, Bhuvaneshwar, Chandigarh, Coimbatore, Goa, Guwahati, Indore, Jaipur, Ludhiana, Lucknow, Mysore, Nagpur, Surat Vishakhapatnam and many more.
Main reason behind the change in investment trend is sharp increase in land price in metro cities. The land prices in small cities are much lesser in comparison to metros. So, decision of setting up a hotel in small cities means less investment and larger benefits.
According to Pawan Verma, executive chairman (Operations) ITC, out of the total cost of setting up a hotel in a metro, 40 per cent constituted land-cost. But in small cities, there is more demand for mid segment hotels. When a middle-income group family goes for hotel accommodation, they look for pleasant but affordable place to stay. They mainly look for secure and hygiene accommodation with good food. They don’t want hi-fi facilities. Keeping these points in mind, hotel industry is changing. With this improvement, hotel industry has expanded to middle class also.
One Comment
Dear Sir/Madam
Required a finance partner who can invest rs.3-9cr. urgently to buy and develop a royal heritage haveli to convert into a heritage hotel (to buy other 60% portion of royal heritage haveli and 40% portion of royal heritage haveli is already in possession) this haveli is at national highway no.8, in very prime location/market on 60ft. road, situated in developed industrial city near Ajmer-rajasthan.
PLEASE NOTE:-
This Royal Heritage Haveli is the most beautiful structure in the country and has splendid work of art of unimaginable beauty. (See some selected photos with details attached)
Already in process for nomination and to register in limca books of records.
TFCI-Tourism Finance Corporation of India:-
Have scheme to promote Heritage Hotels all over India and financing them to develop as a heritage hotel @10-11% (excluding subsidy by the state government of 6%- minimum rs.3cr to any limit can be financed)
But initially have to invest rs.3-9cr. To buy the remaining 60% portion first.
(Seller belongs to royal family and need money to develop their own running business)
This is a golden opportunity to buy this most beautiful well maintained Royal Heritage Haveli in very reasonable price and mint money by converting it into a heritage hotel.
Kunwar Siddharth.
APPRECIATION LETTER BY:-
WANT TO REGISTER IN LIMCA BOOKS OF RECORDS – ROYAL HERITAGE HAVELISunday, 28 June, 2009 5:30 PM
From: “Vijaya Ghose” To: siddhakot@yahoo.co.in
Siddtharth,
What a splendid work of art of unimaginable beauty! You have not mentiond the haveli’s place – where in Rajasthan is it? You can see such havelis are all around in Rajasthan languish without care and also money.
Are you making this as a hotel? I would like to include your claim but our cutoff date was May 31, 2009. I am very sure your haveli is the most beautiful structure in the country but even so it will afford us some time to see more havelis.
Can you give a comprehesive note on the haveli – where, when built, transportion of tiles from UK to India, who are current owner etc.
I am looking forward to a good record!
Vijaya Ghose