Juniper Hotels Pvt. Ltd (JHPL) in tie up with Chicago-based Hyatt Hotels Corp., is setting up a 300 room five star hotel on two acres acquired plot at Ahmedabad’s Ashram road under the brand name Hyatt Regency at an investment of Rs. 400 crores, with target to become operational by 2013.
This was declared by Amit Saraf, Vice President JHPL on the sidelines of a seminar ‘Gujarat Tourism and Civil Aviation Exploring Investment Opportunities’ jointly held by Gujarat government and the Federation of Indian Chambers of Commerce and Industry (Ficci) in Ahmedabad on Monday.
While talking to media persons, Vithal V. Kamat, executive chairman of Kamat Hotels (India) Ltd said his group is planning to set up two three star hotels Gujarat with an approximate investment of over Rs. 50 crore, for which search of land is on in major cities including Ahmedabad.
The plan is to set up a three star hotel with 80 room capacity under the brand name of Orchid while another hotel with same capacity under the brand name of Vits. Kamat said his firm also intends to set up 10 highway restaurants in the state.