Marriott to build luxury hotel in Bangalore
The $13-billion Marriott has tied up with Bangalore-based property developer Prestige Group to set up a 300-room luxury resort near the Bengaluru international airport.business Updated: Apr 13, 2008 09:02 IST
Global hospitality major Marriott International will build a luxury resort hotel near the Bengaluru international airport at Devanahalli, about 40 km from the centre of this city.
The $13-billion Marriott has tied up with Bangalore-based leading property developer Prestige Group to set up the 300-room hotel on a 275-acre plot on the fringes of the picturesque Nandi Hills.
"The resort hotel will come up in Prestige Golfshire with an 18-hole golf course and ultra luxurious villas against the backdrop of Nandi Hills," Prestige group chairman Irfan Razack said in a statement late on Friday.
"The Karnataka Tourism Board has approved the project estimated to cost about Rs 8 billion ($200 million). It will open for business by 2010."
The five-star hotel, a 10-minute drive from the swanky new airport, will have 30 luxury suites, ballrooms and banquet halls, conference rooms and convention centre and a lounge bar.
The Rs 24-billion greenfield airport is set to commence operations next month.
"When completed, the hotel property will be a treat to the guests with mansions, a club house christened Falcon Greens, a luxury spa and a private lake," Razack said.
The Rs 5.5-billion Prestige group has built UB City skyscraper in downtown Bangalore in partnership with United Breweries Holdings Ltd of business mogul Vijay Mallya.
Located in 10-acre land facing the famous Cubbon Park, the Rs 3-billion high-rise towers will house offices, banks, upmarket retail stores, a five-star hotel, serviced apartments, restaurants, food courts, pubs, health clubs and cafes.
The Bethesda (Maryland) headquartered Marriott operates about 3,000 properties in the US and 67 countries worldwide through subsidiaries and franchises under different brands.
Ranked by Fortune magazine as the most admired firm in the hospitality sector, it employs about 151,000 people.