The Hindu Business Line : 2 realty cos plan 5-star hotel in Uttarakhand

Mumbai, Sept. 22 Realty companies Assotech Ltd and Supertech Ltd have said that they would develop a Rs 150-crore five-star hotel at Rudrapur, Uttarakhand, and that the Radisson Hotel Metropolis under the US-based Carlson Group of hotels, would manage it.

The developers are to design, furnish and equip the 120-room facility, which is slated for completion in June 2009. Mr Sanjeev Srivastva, Managing Director, Assotech Ltd, said the property with conference/banquet hall was part of an integrated facility comprising retail and entertainment space spread across 4.7 acres.

Investments in Rudrapur have reached $2 billion and that many industry majors such as Bajaj, Tata Motors, HCL, Dabur and Ashok Leyland have set up plants there.

Mr K.B. Kachru, Executive Vice-President - South Asia, Carlson Hotels Asia-Pacific, said Rudrapur was proving to be a promising industrial destination.

The trend is clearly indicating Rudrapur to be the most sought-after Tier-II city in future. “The hotel will be a part of the metropolis city project that we are currently working on at Rudrapur,” said Mr R.K. Arora, CMD, Supertech.

Assotech and Supertech have floated a special purpose company for this project.

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