Tuesday, June 12, 2007

Taj Group to invest Rs 1,000cr in B'lore

Taj Group of Hotels will invest about Rs 1,000 crore for developing four hotels in Bangalore and has submitted an expression of interest (EoI) to the consortium which is modernising the Delhi airport, to build a world-class hotel in the capital city.

The company has also submitted a EoI for building a top-class hotel in the vicinity of the airport to the Delhi Airport International Limited and are awaiting their approval.

Besides, the company has been allocated a site at Greater Noida for building a hotel, while it is also keen on entering into a management contract for a hotel in Gurgaon.The group is also eyeing the hotel business overseas. Maldives, Mauritius, Colombo, Boston and Sydney are on its radar.

The group is also planning to explore seven more locations in Mumbai and take its total room capacity to 2,000 in the commercial capital in the next five years.

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