BS Reporter / Chennai Jun 21, 2012, 11:09 IST
Will start with 50-room, 4-star boutique property in Chennai at a cost of Rs 30 cr
Express Infrastructure Pvt Ltd, a subsidiary of Saroj Goenka-led Express Newspaper Pvt Ltd, is entering the hospitality business. The company is starting off the business with a 4-star boutique hotel in Chennai. The business will come under a new company.
R R Aroon Kumar, chief financial officer, Express Infrastructure Pvt Ltd said that the hotel will be named as E Hotel and will have 50 rooms. It will be set up near the Express Avenue Mall, one of the largest in Chennai. The hotel will be ready in the next three to four months. Investment will be to tune of around Rs 30 crore.
He was talking on the sidelines of Chennai Retail Summit – 2012, organised by the Retail Association of India (RAI). The hotel and the mall business would be mutually beneficial and the company will look at setting up more hotels in future, depending upon the performance of this project, he said.
Even though the mall houses a food court at a space of around 50,000 sq feet with around 22-25 kiosks, the dining and bar and restaurant would attract a set of customers, since it would offer different cuisines for the customers.
Even though the mall houses a food court at a space of around 50,000 sq feet with around 22-25 kiosks, the dining and bar and restaurant would attract a set of customers, since it would offer different cuisines for the customers.
The mall also houses office of several international firms and the company is expecting to attract these customers to the hotel. However, the hotel business would be a separate division under the company.
Besides owning the hotel, the company has also acquired talent to operate the hospitality business and would manage the E Hotel on its own, he said.
Express Avenue Mall, launched in 2010, has been developed on 11 acres of land with 9,00,000 sft of retail space which houses 210 premium national and international brands. Built at a cost of 750 crore, the mall is occupied by several national and international brands, including Big Bazaar, Lifestyle, Marks & Spencer and Volvo cars along with other luxury and premium brands
Besides owning the hotel, the company has also acquired talent to operate the hospitality business and would manage the E Hotel on its own, he said.
Express Avenue Mall, launched in 2010, has been developed on 11 acres of land with 9,00,000 sft of retail space which houses 210 premium national and international brands. Built at a cost of 750 crore, the mall is occupied by several national and international brands, including Big Bazaar, Lifestyle, Marks & Spencer and Volvo cars along with other luxury and premium brands
