Claridges to invest Rs 2300 cr in hotels

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Banking on the increased inflow of business travellers to the country, Claridges Hotels has chalked out a Rs 2,300 crore expansion plan for setting up five hotels in major cities.

The company, which currently owns and operates four hotels in Delhi, Mumbai and Mussorie, is planning to add one hotel every year and has identified Bangalore, Chennai, Goa, Hyderabad and Pune for future expansion.

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