GMR ties up with Accor to run its biz hotel in Hyderabad

Mumbai, Nov 30 (UNI) GMR Hyderabad International Airport Ltd(GHIAL), a subsidiary of GMR Infrastructure has tied up with Singapore-based Accor Hotels and Resorts for operating its first Business Hotel at Rajiv Gandhi International Airport on the outskirts of Hyderabad.

Announcing this to BSE, GMR said the construction of hotel will commence shortly and become operational by the time new international airport takes off in March, 2008. The hotel will come up in a five-acre site approximately 2.75 km from the Passenger Terminal Building (PTB).

The hotel, in all, will have 300 rooms, of which 120 will be developed in the first phase. The agreement is being entered with Accor group of hotels, Singapore which operates in nearly 100 countries.

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 Hotels--a part of French hotelier Accor SA --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.

It may be noted Hyderabad is one of India's business hubs, known for its thriving back-office outsourcing, pharmaceutical, jewellery and tourism industries.

UNI SN PM AW1749