Globus Resorts to invest Rs 100 cr in Kerala

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Kochi, Dec 13: City-based Globus Resorts&Properties Private Limited, which is opening a Rs eight-crore heritage hotel 'Grande Residencia' here, is planning to invest Rs 100 crore in hospitality and food processing sectors in the state.

Speaking to reporters here last night, Company Director Aftab Ibrahim said the investment, to be made in the next two years,would be used to set up a hotel in Alappuzha and a resort in Ernakulam.

The company was also planning to establish a food processing unit in the state.

The new heritage hotel, to be opened tomorrow, would have 21 rooms with facilities like mini-conference hall, swimming pool, multi-cuisine restaurant, travel desk and Ayurveda spa.

The hotel had been set up by renovating a Jewish building and the aesthetic value of the age-old Jewish architecture was maintained in the heritage hotel, Mr Ibrahim noted.


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