According to a report in the Daily News & Analysis, Parsvnath Hotels Ltd, a subsidiary of real estate major Parsvnath Developers, said that its Rs 250 Crore five─star hotel project in Vejalpur near Ahmedabad, would be completed by 2010─end.
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The 152─room luxury hotel will also have a 24─hour coffee shop, multi─cuisine and specialty restaurants, conference rooms, a business centre and a few boutique stores. The project will also have a shopping mall and multiplexes.
from HospitalityBizIndia.com
Showing posts with label New Builds. Show all posts
Showing posts with label New Builds. Show all posts
INTL| New Buils| Construction begins for 'Armani Hotel Milano'
Billed as a modern luxury hotel with a distinctive appeal offered by its unique location, heritage value and design, the Armani Hotel Milano will occupy floors 2 to 8 of the existing building and will feature guest rooms and suites, a business centre, a restaurant, lounge bar, spa and wellness facilities. The first two floors and the basement will continue to house the existing Armani/Via Manzoni 31 retail area and restaurants; the brands and dining areas here include Emporio Armani, Armani Jeans, Armani/Casa, Emporio Armani Cafe, Armani/Nobu, Armani/Dolci and Armani/Fiori among others. The stores and restaurants will function as normal throughout the period of construction of the hotel.
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NEWS| RNA Corp mulls Rs 2,000-cr investment in hospitality sector
Realty player RNA Corp is planning to foray into the hospitality sector by setting up three hotels with 800-rooms capacity with an investment of Rs 800 crore, a company official said here.
"Our foray into the hospitality sector is aimed at diversification in the real estate segment. We will be investing Rs 400-crore for two hotels in suburban Andheri and Chembur and another Rs 400-crore for a luxury hotel in central Worli," John said.
The projects would be ready in the next two years, John said adding that funds would be sourced from internal accruals as well as from various private equity players.
The proposed 100-150 room business hotel at Andheri will have the twin advantage of being located near the Andheri-Powai business district and the airport, while the 200 room mixed-use hotel in Chembur will target domestic travellers.
source| ET
"Our foray into the hospitality sector is aimed at diversification in the real estate segment. We will be investing Rs 400-crore for two hotels in suburban Andheri and Chembur and another Rs 400-crore for a luxury hotel in central Worli," John said.
The projects would be ready in the next two years, John said adding that funds would be sourced from internal accruals as well as from various private equity players.
The proposed 100-150 room business hotel at Andheri will have the twin advantage of being located near the Andheri-Powai business district and the airport, while the 200 room mixed-use hotel in Chembur will target domestic travellers.
source| ET
NEWS| IHCL plans to set up 16 new hotels in FY 09
Continuing its aggressive growth agenda, Tata group company, Indian Hotels Company Ltd (IHCL) plans to add 16 new hotels in the fiscal 2009, a top company official said on Monday.
"As a part of our expansion plans, we plan to set up 16 new hotels with an addition of 2,080 rooms in FY 2009," IHCL's Managing Director, Raymond Bickson said.
The company also sees a buoyant 70 per cent occupancy rate and a 15 per cent growth in average room rates, Bickson said.
In FY 2008, IHCL had 86 hotels with 10,300 rooms capacity.
IHCL is setting up a new residency hotel at Bangalore and adding 142 rooms at Taj Lands End in Mumbai by July 2008, Bickson said.
The company also plans new hotels at Varanasi, Chennai and Vijayawada with two residential hotels slated for Trivandrum and Panjim, he said.
Abroad, the company plans new properties in joint ventures at Phuket and Thimpu. It is also developing hotel 0properties at Capetown in South Africa, Dubai and Morocco.
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"As a part of our expansion plans, we plan to set up 16 new hotels with an addition of 2,080 rooms in FY 2009," IHCL's Managing Director, Raymond Bickson said.
The company also sees a buoyant 70 per cent occupancy rate and a 15 per cent growth in average room rates, Bickson said.
In FY 2008, IHCL had 86 hotels with 10,300 rooms capacity.
IHCL is setting up a new residency hotel at Bangalore and adding 142 rooms at Taj Lands End in Mumbai by July 2008, Bickson said.
The company also plans new hotels at Varanasi, Chennai and Vijayawada with two residential hotels slated for Trivandrum and Panjim, he said.
Abroad, the company plans new properties in joint ventures at Phuket and Thimpu. It is also developing hotel 0properties at Capetown in South Africa, Dubai and Morocco.
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NEWS| IHG drives Intercontinental brand
Thirty new InterContinental hotels (more than 10,000 rooms) will open in the next three years, including five hotels this year.The brand already has a portfolio of 35 hotels across Asia Pacific and most recently celebrated the opening of InterContinental Hanoi Westlake (image 1), which marked its entry into Vietnam. In Greater China alone, InterContinental Hotels & Resorts will almost triple its portfolio to 24 hotels by 2010, from nine today.
IHG recently signed five new InterContinental Hotels & Resorts properties in Shanghai, Guangzhou, Wuxi and One Thousand Island Lake. In Shanghai, InterContinental Shanghai Pudong will be joined in 2009 by InterContinental Shanghai Puxi and InterContinental Shanghai Expo in the World Expo Village.
InterContinental Shanghai Puxi will be part of BM Plaza, a mixed-use commercial complex, and will offer the largest conference facilities in the Puxi area. InterContinental Shanghai Expo will be located on the Pudong section of the World Expo Village and its design will incorporate nine converted heritage buildings.
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NEWS| Intl| Sheraton plans biggest expansion in history
Sheraton Hotels & Resorts said Monday that it will open 29 hotels this year as it looks to breathe some new life into the brand.Sheraton's hotel openings, part of the largest expansion in its 71-year history, include locations such as Denver, Washington D.C., Ireland and Egypt. The company also plans to add two new resorts in China and one in Carlsbad, Calif., which will boost its global resort total to 63 by the end of 2008.
Sheraton, which will have 54 new hotels by the end of next year, currently has 406 hotels and resorts in 71 countries. It will spend $2 billion on 39 new North American hotel openings by the end of 2009.
Sheraton Senior Vice President Hoyt Harper said in an interview that the company is looking to appeal to all travelers with its efforts, whether they want to stay at a convention-style hotel or a resort. Sheraton, which manages and franchises the properties, determined that it would put new hotels in markets with high demand as well as areas where it was underrepresented, such as Phoenix.
The company's game plan also calls for 85 new hotels to open around the world in 2010.
In addition, Sheraton looks to spend more than $1 billion to renovate 50,000 North American guest rooms and redesign more than 100 lobbies by the end of 2009. Hotel renovations include the Sheraton Dallas and Sheraton Denver, with Sheraton expecting to pump more than $170 million into the two properties to add on rooms as well as meeting space.
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NEWS| DLF-Hilton Announce Seven New Hotel Developments in India
DLF-Hilton Reveals New Projects Under the Hilton, Hilton Garden Innand Homewood Suites by Hilton Brands, Part of the Overall Plans to Develop and Operate 75 Hotels in India in the Next Five to Seven YearsDLF and Hilton Hotels Corporation today announced in India that they have signed management agreements involving seven new hotel developments in the pipeline.
This marks the second stage in the DLF-Hilton Joint Venture Company's overall strategic development plans to build and develop 75 hotels in India in the next five to seven years. The new projects named today will bring the total number of new hotels under this DLF - Hilton alliance to 16, comprising 3,500 rooms. All 16 projects are in various stages of development and construction.
To be managed by an affiliate of Hilton Hotels Corporation, the seven new hotels will cover different market segments under the Hilton Family of Hotels: Hilton, an upscale full service brand, Hilton Garden Inn, a focused service mid-scale brand and Homewood Suites by Hilton, an upscale extended stay hotel brand.
The projects are:
Hilton Dwarka New Delhi (300 rooms)
Hilton Garden Inn(R) New Delhi / Dwarka (400 rooms)
Homewood Suites by Hilton New Delhi / Dwarka (100 rooms)
Hilton Residences Kolkata (100 rooms)
Hilton Garden Inn(R) Chennai / OMR (250 rooms)
Homewood Suites by Hilton Chennai / OMR (100 rooms)
Hilton Garden Inn(R) Trivandrum (200 rooms)
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NEW BUILDS| Vijaya Hospitality to launch its first five star property by 2011
Plans to build ten three star hotels in the next five yearsVijaya Hospitality and Resorts Ltd plans to launch its first five star deluxe hotel at Kundanoor in Kochi. It is scheduled to be operational by 2011.
Spread across an area of three acres of land, the property’s construction will start by the end of March 2008. “The property will be owned as well as managed, by Vijaya Hospitality and Resorts Ltd. We are investing approximately Rs 450 crore for the property,” says Kuriachan Palackal, Senior Manager, Marketing & Sales, Vijaya Hospitality and Resorts Ltd.
The 24 storey hotel will have 320 rooms, 11 banquet halls, 14 restaurants, four swimming pools, a game zone and three fitness centres. From the ground to the fifth floor, the hotel will host a commercial area, conference room, restaurants, banquet hall and a parking area. There will be residential rooms from the sixth floor onwards. The hotel’s terrace will have two helipads.
According to Palackal, the group also plans to build ten three star hotels across Kerala in the next five years. These hotels will include properties at Tripunithura, Vaikkom and Kottayam. The group also plans to start a resort in Kumarakom by 2011.
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NEW Restaurant| Yummy Tummy, Pune
Yummy Tummy - a new multi-cuisine food court has opened at Magarpatta City, Pune. Serving breakfast, lunch, evening snacks and dinner, the court is spread over an area of 26,000 sq ft, with seating capacity of 1,200 pax. It has multi-seating indoor and outdoor facility with open decks as well as party areas for corporate get-togethers as well as families.With eight sections that include a bakery, sandwich section, wraps and rolls counter, wood-fired pizza counter, chat counter, Indian combo counter, as well as a soup and salad bar and beverage section, the menu is varied and the fare is priced reasonably to cater to all pockets. In addition, all the counters are built around the show kitchen concept, enabling customers to watch their order being prepared. Vegetarian and non-vegetarian food is stored as well as prepared separately. Yummy Tummy is open from 7.00 am to 11.00 pm all days of the week.
Source| Expresshospitality
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NEWS| Intl| Kempinski to manage five star property in Suzhou, China
Luxury hotel management company, Kempinski, plans to manage the five star Kempinski Hotel Suzhou, at Suzhou in Jiangsu, China. The hotel will be ready for operation by May 2008. It will cater to leisure and business travellers.
The 458 room hotel will include 80 suites, in six different styles. Kempinski Hotel Suzhou will be equipped with meeting facilities; wireless internet access; shopping outlets and a ballroom with a capacity of 1,500 persons.
F&B options include a Japanese and Chinese cuisine restaurant, a Paulaner Brauhaus and a Cigar & Wine bar. The complex also houses 6000 sq m of recreational facilities. These include a health club, spa, indoor squash/tennis courts and swimming pool.
Located near the Suzhou Industrial Park, the hotel lies within a large estate which encompasses an international golf course, Jinji Lake Grand Hotel and Dushu Lake, as well. The property is situated one and a half hour away from Shanghai's airport.
Source: http://hospitalitybizindia.com/detailNews.aspx?aid=558&sid=1
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NEWS| Uppal’s to add two operational properties in 2009
New Delhi based Uppal's Group, a leading real estate developer, is in the process of adding two operational five star deluxe hotels to its properties by the end of 2009. The company expects to add its second and third hospitality ventures at Shikhopur, Gurgaon and Chandigarh in the first and last quarters of 2009 respectively. The properties are expected to come up at a combined investment of Rs 550 to 600 crore, excluding land cost.
"We are currently in the process of finalising our management partner for our Gurgaon property. This deal should be clinched in about a month's time. Earlier, we had finalised Oberoi to manage our property, but that deal is off. For the Chandigarh hotel, we have signed up JW Marriott to manage the property," says Gian Bansal, Director & CEO (Infrastructure), Uppal's Developers Pvt Ltd.
The Gurgaon property's construction was started in April 2007. The hotel will be spread over 13.8 acres of land. It will have an inventory of 200 rooms, including 40 odd service apartments.
Since the architectural plans are already in place, the construction work on the Chandigarh hotel is expected to begin in March 2008. The hotel, to come up at Sector 35 in Chandigarh, will house more than 200 guest rooms, spread across 2.5 acres of land.
Uppal Group has also bought a three acre plot adjacent to Uppals Orchid, its flagship property near IGI Airport, New Delhi. Though the company desires to add extra rooms to its existing 88 room inventory, the much awaited Master Plan of Delhi has hampered this initiative.
Source: hospitalitybizindia.com/
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NEW BUILDS| Gundecha Builders to develop four hotels by 2010
Mumbai-based real estate developer, Gundecha Builders are in the process of developing four hotels in India. These five star hotels will be set up by 2010. The group will develop its properties in Jodhpur, Jaipur, Udaipur and Nagpur for the same.The property in Jodhpur will have 120 rooms. The Jaipur property will have 185 rooms. Nagpur will be a 240 room property, whereas a 120 room property is planned for Udaipur.
The real estate developer will develop the properties under a separate subsidiary named Gundecha Group of Hotels. It is in talks with several international hotel chains for management contracts. The hotel chains being considered for the same are the Marriott (for its 'Courtyard' brand) and the Hyatt.
With more projects on the cards, the group has apportioned an overall investment of Rs 1000 crore for its expansion plans.
Catering college also in the pipeline.
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