HG To Invests In Hotel Industry

Hiranandani Construction part of the Mumbai-based real estate developers, Hiranandani Group, is looking to invest more than six hundred forty crore rupee for developing five new hotels in Mumbai, Bangalore, Chennai and Hyderabad.
The company is in conversation with 8 international hotel brands for contracts. The company plans to fund the expansion programmed through debt and reserves, in an equal manner. MD Mr. Surendra Hiranandani said, “We azure confident of raising the debt required”.
One of the 5 properties, the one for Chennai, will be a boutique hotel with with about sixty rooms and buy it for thirty crore rupees. The other hotel, also in Chennai, a 5-star property, will have more than three hundred rooms and be built with an outlay of three hundred seventy-five crore rupees.
The company’s Mumbai hotel, a 5-star one to be built for one hundred forty crore rupees, will come up in Powai.

2 Comments

  1. Posted April 20, 2009 at 12:39 am | Permalink

    Hopefully there is a market for this company.

  2. Smokin Hot Property Leads
    Posted May 6, 2009 at 8:50 am | Permalink

    It’s good news that Hiranandani Group is going to invest their money for developing five new hotels. Hiranandani Company can get the help about the property construction and development dealing with the real estate area. There are many type of property available online with local map guidance.

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