Omaxe to invest Rs 200 crore to set up five-star hotel

by Paul Joseph on July 5, 2013 · 0 comments

MUMBAI: Real estate firm Omaxe today said it will invest Rs 200 crore to set up a five-star hotel in New Chandigarh, where it is developing an integrated township. The company has joined hands with the Intercontinental Hotel Group (IHG) to manage and set up the 150-room hotel, named as Holiday Inn, a statement issued here said. “Omaxe will invest close to Rs 200 crore in building this luxurious hotel that will cater to corporates and the local elite, including tourists,” the statement said. The office and retail spaces in the vicinity have been attracting reputed companies from sectors like IT, BFSI and retail in the national and international arena,

[via India Properties – Real Estate India – Indian Property News Site]

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