Unitech Plans for 35 Hotels

Wed, 10 Dec 2008 07:39:16 +0000

Realty major UNITECH LTD plans to invest about Rs 2,500 crore to develop 35 hotels across India over the next seven years. Unitech managing director Sanjay Chandra said the firm would develop 35 hotels in the next six to seven years and already had land in many cities at prime locations.

* The hotels would be located in the national capital region (NCR), Kolkata, Chennai, Goa, Mysore, Bangalore, Hyderabad, Chandigarh, Siliguri and Assam.

* Of the total planned hotels, about 50 per cent would be located in Kolkata and the NCR, Chandra said.

Sant Singh Chatwal Enters Indian Hospitality Industry

Mon, 28 Jan 2008 11:18:10 +0000

The most successful Indian hoteliers in US, Sant Singh Chatwal, has plans for hotels in India. He plans to invest 5 thousand crore to build 27 hotels. According to Mr. Chatwal, south India will be the best investment option for hotel establishment. Hence he plans to invest a major portion of total investment, that is 200 crore, to build hotels in southern India.

Sant Singh Chatwal observes Bangalore, Kochi, Hyderabad and some more southern india as a great market for hotel industry. Chatwal chose Hyderabad to launch his property of 100 room four-star hotel- Hampshire plaza. The Hampshire group will invest Rs 500 crore in Hyderabad alone. It will launch another luxury hotel in Kochi soon with an initial outlay of Rs 200 crores.

Sant Singh Chatwal is a well known New York based high profile hotelier. Hampshire group owns record 3000 rooms in New York’s Manhattan along with properties in the US, UK, Canada and south-east Asia. Hopefully, this time Sant Singh Chatwal will enter the Indian hotel industry as it is well-known that he failed in trying the same in 1985.

India Investment Property » Hotels India

Unitech Plans for 35 Hotels

Sant Singh Chatwal Enters Indian Hospitality Industry