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South India is to get its first Ecotel
property through a joint venture between Concept Hospitality
Ltd (CHL) and Ceebros Hotels Pvt Ltd (CHPL). The former is
a Mumbai-based management company which also represents the
Ecotel certification on behalf of HVS, the latter is part
of a Chennai-based real estate major, Ceebros Property Development
Pvt Ltd (CPDPL). The unnamed property, which is expected to
enter the Chennai hospitality market by the fag end of 2004,
will be positioned as a four-star business hotel. It is located
in the vicinity of the ITC Hotel Park Sheraton and Towers,
on T T K Road, Chennai.
Confirming this latest development,
Param Kannampilly, director, Concept Hospitality Ltd, said,
We have signed a 10-year management contract with the
Ceebros Hotels Pvt Ltd for this property. The agreement
for the 100-odd rooms was signed very recently.
CPDPL decided to diversify into the
hospitality industry sometime in 2001. It even went as far
as setting up a new division christened Ceebros Hotels Pvt
Ltd. In fact, Ceebros Hotels had initially firmed up plans
to set up a 90-room four-star boutique hotel in 2002, however
the project did not come through. N Subba Reddy, chairman,
CPDPL, was not available for a comment on his diversification
plans and the earlier hospitality project.
As per sources, it is understood
that Ceebros Hotels in the ensuing years conducted a major
study in their effort to identify the right hospitality product
and partner to launch their maiden venture. Going ahead with
the Ecotel branding and handing over the management to Concept
Hospitality is the outcome of this study.
S Sukumar, general manager - projects,
Ceebros Hotels Pvt Ltd, spoke to Express Hotelier & Caterer
on the details of South Indias first Ecotel, Work
on the property has already begun. We are looking at making
the Ecotel operational by the end of 2004. Total investment
on the property will come to Rs 25 crore excluding the land
cost. Land for the project has been acquired at a cost of
Rs seven crore, he informed.
As far as accommodation and other
facilities are concerned, the hotel will feature three types
of rooms, viz the regular rooms, executive suites and privileged
floors (two floors of business lounges). The promoters are
laying major emphasis on corporate conferencing and MICE generated
business and therefore will incorporate eight facilities of
various sizes into the floorplan. For food and beverage, the
Ecotel will boast off three restaurants and a bar.
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