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Emaar MGF proposes Rs 13,000-cr investment in hotels.
(From Business Line)
from BUSINESS LINE, March 22, 2007 New Delhi, March 21 - Real estate player Emaar MGF Land Pvt Ltd is planning to invest around Rs 13,000 crore in the next five years in construction of hotels. The company is planning to set up 10 hotels in the luxury segment and another 40 in the business class in this period
"While we will construct the hotels, a speciality partner would run them. We are considering joining hands with one to two partners in each category to manage our hotels," said Mr Shravan Gupta, Executive Vice-Chairman and Managing Director. Out of the 10 hotels in the top category, two could be super luxury 7-star hotels on the …
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