Taj GVK plans Rs 500 crore expansion
Posted on: September 21, 2008 - 3:32am
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Posted on: July 28, 2008 - 11:36pm
#2
All the best to Taj
So we will have a another grand Hotel to Hyderabad as many of the major constructions are also going at the outer ares if you want to know the new developments you can go to this page http://www.maaproperties.com/Pages/HyderabadRealestate.aspx
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It is set to open the 200-room Taj Mount Road in Chennai next month while work on a new five-star property in the heart of Hyderabad’s business district Begumpet is slated to open in the end of 2009.
This apart, the company is also setting up 45 service apartments on a 2.5 acre property right next to the Taj Krishna at a cost of Rs 150 crore. The service apartment will also house a spa and club house, Veer Vijay Singh, director operations, Taj GVK, said.
The hotel chain, which currently operates three properties in the city and one in Chandigarh, also proposes to add more rooms to the Taj Deccan, totaling 123 over the next three years, at a cost of Rs 150 crore, he added.
More significantly, the group which posted revenues of Rs 260 crore as of March 31, 2008, a 6% increase over the previous year, has also zeroed in on Bangalore, Kodaikanal, Jaipur and Amritsar to set up hotels over the next few years.
“We are at various stages of finalising properties in these places for our next foray,” Singh said. He, however, added that discussions are still in the initial stages and could take some time.