IHCL to spend Rs 300 cr for building chain of hotels

Durgapur, Mar 7 (UNI) The Indian Hotels Company Limited (IHLC) will invest Rs 300 crore in the next financial year for setting up a chain of hotels across the country, according to chief executive officer Prabhat Pani of Roots Corporation Ltd (RCL), a subsidiary of IHCL.

''The company will spend Rs 300 crore in the next fiscal for building 22 to 25 "smart Basics" hotels across the country,'' Mr Pani told visiting reporters at the opening of IHCL's 7th hotel in the country and first 101-room hotel "Ginger" in the industrial city of Durgapur, some 200 kms west of Kolkata.

Chief Minister Buddhadeb Bhattacharjee inaugurated the hotel by lighting a lamp.

Mr Pani said each hotel would cost around Rs 10 crore to Rs 12 crore excluding the land price.

Durgapur's four-storey hotel is the latest addition to the chain of "Ginger hotels" across the country after Bangalore, Hardwar, Bhubaneswar, Mysore, Thiruvananthapuram and Pune.

He said the company was looking for sites to set up three more hotels in West Bengal's Kolkata, Siliguri and Haldia.

UNI