The Hindu Business Line : GRT Hotels to add 500 rooms

Chennai, March 27 Chennai-based GRT Hotels and Resorts plans to add 500 rooms to its existing inventory of 395 rooms. These rooms will come both at its existing properties in and around Chennai, as well as through green field projects in Coimbatore and Hyderabad.

According to industry sources, this might involve an investment of around Rs 200 crore excluding real estate cost.

At present, GRT Hotels owns five properties — a four-star hotel GRT Grand in Chennai’s retail district T. Nagar, a five-star hotel Radisson Hotel GRT near Chennai airport, a five-star resort Temple Bay at Mahabalipuram (a tourist centre near Chennai) and two three-star properties in Madurai and Kanchipuram.

The company plans to add 72 units to Temple Bay resorts, and 90 rooms to the Radisson Hotel. According to Mr M.O. Koshi, Executive Director of the company, the work at Temple Bay has started.

In the case of the latter, GRT has acquired 16 grounds (for a total of around Rs 5 crore) adjacent to the existing property as it is near the airport and hence cannot grow vertically, said Mr Vikram Cotah, Vice-President of the hotel.

Apart from this, the company has also acquired 2.6 acres for a proposed 168-room hotel in Coimbatore and 2.3 acres for 172-room hotel in Hyderabad. Both these will be 5-star hotels.

BAGs Award

Meanwhile, the Chennai-based Radisson Hotel GRT has bagged Carlson Hotels President’s Award for 2007.

Announcing this at a press conference here, the hotel’s Vice-President, Mr Vikram Cotah, said the hotel was selected from among Carlson hotels consisting of five brands — Reagent, Radisson, Park Inn and Park Plaza in the Asia Pacific region, and Country Inns and Suites in India, China, Bangladesh and Australia.

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