Hindustan Const signs up Accor to operate two hotels

By Staff
|
Google Oneindia News

New Delhi, Dec 6 (UNI) Hindustan Construction Company Ltd (HCCL) today said France-based Accor Hotels and Resorts will operate its two hotels in a resort near Pune.

The resort, spread over 15,000 acres at Lavasa in the Mose Valley near Pune, will come up at a total investment of Rs 25,000 crore in next 5-10 years.

The company would pump Rs 900 crore in the first phase ending 2008 to develop two hotels in the resort, which will be operated by France-based Accor Hotels and Resorts.

The first hotel project to be developed by HCCL in technical collaboration with Accor Hotels will be a 250-key Novotel Resort on a 12-acre waterfront site at Lavasa, while the second project will be an 80-key Grand Mercure Spa resort to be located on a seven-acre site, a company statement said.

''Accor's substantial long-term commitment to India and their ethos of working attracted us to invite it to manage these hotel projects,'' HCCL Chairman and Managing Director Ajit Gulabchand said.

''At Accor, we are committed to developing India's economic infrastructure, through the development of our hotels across all price segments and all destinations,'' Accor Asia-Pacific Chairman and Chief Executive Officer David Baffsky said.

HCCL, through its subsidiary HCC Real Estate, owns 60 per cent of Lavasa township venture.

Accor is one of the world's largest operators of hotels and resorts, with over 4000 hotels in 90 countries.

Accor also has a separate joint venture with Dubai's Emaar Properties to develop 100 budget hotels in India with an investment of 300 million dollars.

UNI SBA DKS RAI2137

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X