new ventures

InterGlobe Hotels all set to spread its wings
InterGlobe Hotels, a joint venture by InterGlobe Enterprises and Accor Hotels, has recently acquired sites at Gurgaon, Mumbai, Bangalore, Pune, Jaipur and Hyderabad to set up Ibis branded economy hotels. Construction has already started at the sites in Gurgaon and Pune and the hotels are expected to become operational in another 15 to 18 months. The hotels will be room focused and will provide one restaurant, one bar, one meeting room, one conference and fitness centre for the convenience of the target corporate travellers. Also, Accor is planning to develop more hotels under Novotel and Sofitel brands, following the opening of Novotel Hyderabad in May 2006.


IHHR to open 5 new hotels in India by 2009
Under an expansion plan, Ananda's owning company, Indian Hotels and Health Resorts will open five new hotels in India over the next three years. The company will set up hotels under the brand name 'Ista', in Hyderabad, Pune, Amritsar and Ahmedabad. It will also open its second hotel in Bangalore, which will have 70 rooms. The Hyderabad hotel, to be constructed on a 15-acre plot, will debut in July 2007. The company will also open its destination spa resort, Shanti Ananda Maurice, in Mauritius this December.

Sant Chatwal to open his 'Dream' hotels in India
Prominent Indian American Indian hotelier Sant Singh Chatwal will invest Rs. 10 billion [$215 million] on bringing his "Dream" range of boutique hotels to five Indian cities and hopes to have at least three up and running less than two years from now. "We are looking at properties in Delhi, Mumbai, Chennai, Bangalore and Hyderabad. We should close at least three deals by the end of the year and have them running 18 months from then," Chatwal said. Each hotel will have 200-400 beds.

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