Taj Hotels announces its 5th hotel in Bangalore

Published on Tue, Oct 31, 2006 at 16:38 |  Source : Moneycontrol.com

Updated at Tue, Oct 31, 2006 at 20:11  

Like this story, share it with millions of investors on M3
0
0
Share on Tumblr

RELATED NEWS

Keeping pace with the booming demand for hotel rooms in Bangalore, Taj Hotels Resorts and Palaces announced its plans to launch a new business hotel in Bangalore.  The Taj has entered into a Licensing Agreement with Naveen Hotels Pvt. Ltd. (NHPL), for a new hotel at Yeshwantpur, Bangalore.  Located approximately 15 km from M. G. Road and 25 km from the upcoming international airport, the hotel is scheduled to open by April 1, 2009 and will be operated under the Taj Business Hotels brand. The Taj has been associated with Naveen Hotels for over 25 years and are also partners in the Taj Residency, Bangalore.  With new hotels in Yeshwantpur and in ITPL (Whitefield), the Taj now has 2 new Business hotels under development in Bangalore.

 

Designed by international design consultants brought in by the Taj, the new hotel will be part of a mixed-use development.  The site will also include a commercial complex and residential blocks.  The hotel is located with clear access from Tumkur Road and is on the Ring Road.  When it launches in 2009, the hotel will be the only city hotel in close proximity to the new International airport.

 

Spread over a 4.5-acre plot, this 12-storey structure will have 350 rooms. The hotel will also provide a host of guest amenities, which include 3 restaurants, 1 bar and extensive banqueting space (approximately 22,000 sq ft). 

 

Mr. Jamshed Daboo, Chief Operating Officer, Taj Business Hotels, said, "Bangalore is a very important market which is currently facing a big gap in demand and supply. The city has great potential, which we have tapped through our various hotel formats, from the luxurious Taj West End to the Gateway Hotel.  This move is part of the Business Hotel strategy to expand our reach in cities, which are of importance to the business traveler.  We are very happy to partner with Naveen Hotels once again.  Yeshwantpur is currently witnessing significant commercial development, with telecom, auto and textile companies setting up their offices here. We believe Yeshwantpur will emerge as a strategic suburb of Bangalore linking the new international

airport to the corridor of development planned along Mysore Road, thus presenting an excellent opportunity for setting up a new age business hotel." 

 

Sourced From: Vaishnavi Corporate Communications Pvt Ltd

  

More on Moneycontrol

Trending News

Business News

Market Watch: Tablets (Feb 2012)
Will RBI regulation prevent a gold loan bubble? "Will RBI regulation prevent a gold loan bubble?"

Sun Pharma Says Robust OPM Fuelled By Strong Taro Performance, Weaker Rupee

The latest earning numbers FIRST on CNBC-TV18
Videos

Feb 13 2012, 17:40

Bullish on gold, but see price correction ahead: Ventura

- in Commodities

Interviews

Feb 13 2012, 19:27 | Source: CNBC-TV18

'Diverse offerings in power helping to withstand headwinds'  

Feb 13 2012, 18:28 | Source: CNBC-TV18

SBI: Expect NPAs to improve; restructuring not red flag  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!

Follow moneycontrol.com