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Unitech’s Rs. 2,500-cr Hotel Plan 05/02/2009
Unitech Ltd plans to invest about Rs 2,500 crores to develop 35 hotels across the country over the next seven years.

The hotels would come up in the National Capital Region (NCR), Kolkata, Chennai, Goa, Mysore, Bangalore, Hyderabad, Chandigarh, Siliguri and Assam. Of the total planned hotels, about 50% would be located in Kolkata and NCR.

At present, Unitech is constructing six hotels comprising about 1,000 rooms, of which the one in Gurgaon is scheduled to be operational early next year. It has tied up with international hospitality chain Mariott for management contract for four of its properties.

Meanwhile, according to reports, Landmark Group of idle East has deferred its plans for the hospitality sector in India.
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