Residence Hotels to invest Rs 10 crore

Hyderabad, Aug 4: The Residence Hotels, a well known brand in Bangalore and Delhi is planning to invest Rs 10 crore as part of its expansion plans, next year.

In a release here today CEO Ashish Vohra said the company would set up one hotel in Chennai, hotel each in Hyderabad, Bangalore, South Delhi, Cochin, Pune, Gurgaon and Noida.

The company would also have ten boutique hotels and a serviced apartments' chain in the country by 2008.

He said the new 'Residence Hyderabad' hotel offers choice accommodation, dining experience and business facilities.

UNI