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Friday, January 15, 2010

Convention Hotels India to launch its first property by Quarter One of 2011 in North Goa

Convention Hotels India (CHI) plans to foray into the hospitality segment by launching its first property at Calangute in North Goa by Quarter One of 2011. The company plans to operate in ‘built out’ model in the hospitality space. For the upcoming property CHI has tied up with Holiday Inn for management of the hotel, which will have a room inventory of 136.

CHI also has properties under construction in Goa, Bengaluru and Coimbatore. The approximate amount of investment for these projects as of now is Rs 480 crore, and the company has outlined a total investment of Rs 800 crore for these projects. Hyatt Place Hotel with 220 rooms at Outer Ring Road in Bengaluru will be operational by Quarter Four of 2011; Holiday Inn at Panjim in Goa with 200 keys will be operational by Quarter One of 2012, as well as the Hilton Garden Inn at Coimbatore with 200 keys will be operational by Quarter One of 2012. Depending upon the location and market these properties will cater to MICE, business and leisure clientele.


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