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Vikram Chatwal Hotels to invest Rs 5,000 cr in India
Looking aggressively at the Indian market for expansion, the Vikram Chatwal Hotels, a division of Hampshire Hotels and Resorts, plans to open "Dream brand hotels" in various cities in the country, including Bangalore, Mumbai and New Delhi with a Rs 5,000-crore investment.
Looking aggressively at the Indian market for expansion, the Vikram Chatwal Hotels, a division of Hampshire Hotels and Resorts, plans to open "Dream brand hotels" in various cities in the country, including Bangalore, Mumbai and New Delhi with a Rs 5,000-crore investment.
About Rs 1,000 crore has already been invested in the country, which will go up to Rs 5,000 crore, Hampshire Hotels and Resorts Chairman and CEO Sant Singh Chatwal told reporters in Kochi.
The group expected to add 2,000 rooms in Bangalore, Delhi , Jaipur, Hyderabad and Mumbai by 2010, and was already exploring markets in Chennai, Kolkata and Goa, he said.
Setting up a Rs 200 crore hotel under its 'Dream' brand in Kochi was truly a dream come true, he said. The hotel boasts of 15O guest rooms, three exclusive club floors, roof top pool and jacuzi, five world class restaurants and bars. There were plans to open another at the nearby silver sand, which will have about 300 rooms, he said.
