Sabari Inn to add 700 more rooms in major Tier II cities
Leading hotel chains, Sabari Inn Pvt Ltd would add 700 more rooms to the existing 300, with new hotels coming at Bangalore, Coimbatore, Pune and Madurai in two years, a top company official said.
By PTI |
COIMBATORE: Leading hotel chains, Sabari Inn Pvt Ltd would add 700 more rooms to the existing 300, with new hotels coming at Bangalore, Coimbatore, Pune and Madurai in two years, a top company official said on Friday.
As the company has already acquired land in Bangalore and Coimbatore with 120 to 130 rooms each, construction of the hotel in this city would be completed by January 2010 and that of Bangalore by early 2011, Ramesh Shiva, CEO, Sabari Inn, told reporters here.
An amount of Rs 50 crore each would be invested in developing the hotels in both cities, he said.
Similarly, the company has identified land in Pune and Madurai and modalities about the design, construction and also investment were being worked out, he said, plans are to comple construction by early 2012.
Sabari has already opened a 34-room resort in Kodaikanal in Tamil Nadu, Ramesh said.
Though the global recession has resulted in a 15 per cent drop in the arrival of tourists and customers in hotels it started picking up from the last four months, Ramesh said.
He said the Coimbatore unit would be ready to welcome the delegates of the proposed World Tamil Conference scheduled in January-February next year.
Asked why the chain selected Tier II cities for expansion, he said demand for accommodation was more in these cities, where more of industrialisation was taking place and also because they are IT hubs.
As the company has already acquired land in Bangalore and Coimbatore with 120 to 130 rooms each, construction of the hotel in this city would be completed by January 2010 and that of Bangalore by early 2011, Ramesh Shiva, CEO, Sabari Inn, told reporters here.
An amount of Rs 50 crore each would be invested in developing the hotels in both cities, he said.
Similarly, the company has identified land in Pune and Madurai and modalities about the design, construction and also investment were being worked out, he said, plans are to comple construction by early 2012.
Sabari has already opened a 34-room resort in Kodaikanal in Tamil Nadu, Ramesh said.
Though the global recession has resulted in a 15 per cent drop in the arrival of tourists and customers in hotels it started picking up from the last four months, Ramesh said.
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He said the Coimbatore unit would be ready to welcome the delegates of the proposed World Tamil Conference scheduled in January-February next year.
Asked why the chain selected Tier II cities for expansion, he said demand for accommodation was more in these cities, where more of industrialisation was taking place and also because they are IT hubs.
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