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Gayatri to build 7-star hotel in Hyderabad
Posted by Srini Uppala | February 12, 2008 | 820 views
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Loading ...Construction major Gayatri Projects Ltd, based in Hyderabad, Andhra Pradesh, is entering into the hospitality sector by building a first-of-its-kind 7-star hotel in the city of Charminar. The hotel will be constructed under the banner of Gayatri Hi-Tech Hotels Ltd, a subsidiary.
The hotel, called Park Hyatt Hotel, is coming up on 1.25 hectares of land in the upmarket Banjara Hills area. Hyatt International Ltd, Chicago, USA, will operate the luxury hotel. The cost of the project is estimated at Rs 350 crore.
P. Sampath Kumar, Chief Executive Officer, Gayatri Hi-Tech Hotels Ltd, said, “There will be nothing compared to this (hotel) in the country.”
The civil contract for the project has been given to M. Ramjan & Company, Mumbai. John Portman & Associates and Hirsch Bedner and Associates, both from Atlanta, USA, have designed the hotel and its interiors, respectively. The hotel will have four basements and a six-storey building with 225 spacious rooms. The fifth and sixth floors will be reserved as “service apartments” for expatriate professionals from the IT and pharmaceutical sectors and other international business people on long visits to India. Facilities will include specially restaurant, all-meals restaurant, bar and coffee lounge, and spa and fitness centre.
The company intends to construct the hotel, and open it, by the last quarter of 2009.
At present, as many as six 5-star hotels are operating in Hyderabad, and most of the other hotels are either 3-star or 4-star. International groups are mulling possible acquisition of, or partnership with, the existing hotels.
SOURCES:
Projects Monitor
Topics: Hospitality |
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