Mr S.N. Ladhani, Deccan Aviation promoter, plans to invest up to Rs 1,000 crore in various hospitality projects, including a resort in Rishikesh.
Mr Ladhani, who also runs a Coca-Cola bottling plant, told Business Line that he plans to invest in a series of hospitality projects across the country. "I have several interests and one of them is in the hospitality industry," Mr Ladhani said.
He said he is in the process of buying a 160-acre property on the foothills of the Himalayas near Rishikesh for setting up a world-class Ayurvedic resort. He said he will invest between Rs 500 crore and Rs 750 crore in this project. "We are not short of funds but we have looked at projects which are unique and give us a healthy rate of returns," he said.
The next in the line is a hotel in alliance with Hilton, expected to come up near the existing Bangalore airport. The project is worth Rs 200 crore and will have between 250 and 300 rooms. "This will be a budget hotel and we plan to have tariffs which will be extremely competitive," Mr Ladhani said.
Mr Ladhani, who also runs a Coca-Cola bottling plant, told Business Line that he plans to invest in a series of hospitality projects across the country. "I have several interests and one of them is in the hospitality industry," Mr Ladhani said. 
