New Delhi, Aug 5: Parsvnath Hotels Ltd, a subsidiary of country's leading real estate developer Parsvnath Developers Ltd (PDL), on Tuesday, Aug 4 said it has received four-star category approval from the Ministry of Tourism for its hotel project at Lucknow.
''Parsvnath Planet Plaza at Gomti Nagar in Lucknow has received the four-star category approval from the Ministry of Tourism. Situated in the heart of the city amidst posh residential area, the hotel project offers best business opportunity in the area,'' Parsvnath Hotels Ltd Vice President (Hotels) Deepak Mowar said in a statement. The 4-star project, which sees Rs 25 crore initial investment by Parsvnath, will offer 130 rooms and all amenities. The construction of the hotel will be undertaken by Parsvnath Hotels Ltd, while it will be managed by wholly owned subsidiary of ITC Ltd-- Fortune Park Hotel Ltd.