Radisson Delhi to invest Rs 800 cr in expansion | business | Hindustan Times
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Radisson Delhi to invest Rs 800 cr in expansion

business Updated: Feb 09, 2009 13:27 IST

PTI
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A B Hotels-promoted The Radisson Delhi is investing around Rs 800 crore over the next four years for opening eight more hotels in the country under the brands of Radisson, Park Plaza and Country Inn.

“We are currently operating two of the Radisson hotels in India in Delhi and Varanasi. We have now plans for eight new hotels under Carlson Group’s Radisson, Park Plaza and Country Inn brands at an investment of Rs 800 crore,” Radisson Hotel Delhi Managing Director R Kapur told PTI.

He said the new hotels would come up at Bhubaneshwar, Chilka Lake, Hyderabad, Konark, Puri, Paradip, Vishakhapatnam, and Kakinada and the investment would come from the company’s internal accrual and debt.

“We have currently an inventory of 400 rooms in our two existing hotels. With the new hotels in place, our inventory would reach a figure of 1,000,” Kapur added.

The hotels at Bhubaneshwar, Hyderabad and Kakinada would come under the Radisson brand (5-star) and the other five would be of Park Plaza (mid-premium) and Country Inn (mid-economy) brands.

The company is also undertaking a Rs 100-crore renovation of the existing Radisson in Delhi and repositioning it in the 5-star deluxe segment as ‘Radisson Plaza´.