Satra properties to set up 5 star hotel at Rs 175cr

New Delhi, Feb 26 (UNI) Satra Properties India Ltd today said it will set up a five star hotel at an investment of Rs 175 crore.

To be spread over an area of 1,75,000 square feet, the project, 'Satra Palace' is expected to be completed in three to four years time.

However, the details on location of the hotel were not divulged by the company.

The company also said it has finalised a deal for acquisition of 94 cents of land at Marine Drive, Kerala for a consideration of Rs 6.5 crore.

UNI