GHIAL inks pact with Accor to build business hotel in Shamshabad

New Delhi, Nov 30 (UNI) GMR Infrastructure Ltd today said its subsidiary company GMR Hyderabad International Airport Ltd (GHIAL) has tied up with Singapore-based Accor Hotels and Resorts for operating its first business hotel at Rajiv Gandhi International Airport in Shamshabad.

The construction of hotel will commence shortly, which will become operational by the time new international airport takes off in March, 2008.

The hotel will come up in a five-acre site, about 2.75 km from the passenger terminal building (PTB). The hotel will have 300 keys, of which 120 will be developed in the first phase.

The lease term for operating the hotel is for a period of ten years, which can be extended further on mutual agreement.

As per the agreement, Accor will operate, manage and maintain the hotel in accordance with Novotel brand standards as followed worldwide. It will also provide technical support during the construction stage to build the hotel as per Novotel standards.

UNI DKS CS RS1431