By IANS,
New Delhi : Mumbai-based Litolier Group, which opened a boutique hotel ‘Ramada Plaza’ here Friday, said it would enhance its presence in the hospitality sector by building two more five-star properties in next few years.
The group will develop two hotels in Mumbai and Goa under a joint venture with a foreign hospitality major.
“The Mumbai hotel will be on the Andheri-Kurla road near the airport,” Litolier Group director Ashok Mittal told reporters.
“We are in talks with several foreign five-star chains, but nothing is finalised yet. The land for the Goa property has already been acquired,” he added.
The group plans to build both properties under an equal-partnership agreement.
The 419-room Ramada plaza, built at a cost of over Rs.100 crore, stands where the erstwhile Ashok Yatri Niwas stood – once owned by India Tourism Development Corp (ITDC).
The property was divested by the government in May 2002 and purchased by promoters of Litolier group for Rs.45 crore.
The Ramada brand belongs to Wyndham Hotels, one of the world’s largest lodging franchiser.