The Avinash Bhosale Group (ABIL) is planning to invest Rs 600 crore for setting up three five-star hotels in Pune, Nagpur and Mumbai over the next three years.
The 280-room hotel in Pune will be launched by October, while the other two hotels will come up by 2011. ABIL Chief Executive Officer Sudhanshu Purohit said, We have a strong presence in real estate and infrastructure sectors. Now, we are focusing on the hospitality segment. We already run Sun-n-Sand hotels in Pune and Goa through a joint venture company named CCPIL. Now, we are planning for three more hotels in Pune, Nagpur and Mumbai.
While the Pune property would be operated by Westin Hotels, the hotel coming up in Parel-Mumbai would be run by the Shangrila Group. The property in Nagpur would be operated by CCPIL under the brand name Sun-n-Sand.
More : business-standard.com
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