Wednesday, June 20, 2007

Taj Group of Hotels expanding presence in Bangalore

Taj Group of Hotels has announced that they are going to invest about Rs 1,000 crore for developing four hotels in Bangalore.

The company has also submitted an expression of interest (EoI) on their plans to build a world-class hotel in Delhi.

Sumit Guha, vice president (development), Indian Hotels said in a statement on their plans: “We will invest around Rs 1,000 crore for building four hotels in Bangalore, of which two are already under construction, while the ones in Devanahalli and Yashwantpur will take three years to complete.”

In addition, they are also planning to build a world class hotel in the vicinity of the Delhi international airport.

The company added that they are also planning on expanding their presence internationally by establishing hotels in Maldives, Mauritius, Colombo, Boston and Sydney.

Source: BN

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