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Indian Hotels Company Ltd (IHCL) on Tuesday said that it has entered into a management contract for a Gateway Hotel in Hinjewadi, Pune. The contract has been entered into with Paranjpe Schemes Construction Limited and the new hotel will be a part of the Taj Business Hotels portfolio, a release issued here today stated. The Gateway Hotel will be a 150-room mid-market hotel with a multi-cuisine restaurant, a bar, banquet, meeting facilities and a health club. Indian Hotels has strategically focussed on Hinjewadi for its second property as it is the fastest growing IT and bio-tech site in Pune with a large corporate clientele base. Commenting on the development, Jamshed S Dabboo, COO, Taj Business Hotels, said "the launch of our first Gateway Hotel in Pune is further to our endeavour of aggressive domestic expansion...this strategic move will help us consolidate our position in Pune which is one of our key cities in the domestic circuit." Paranjpe Schemes is one of the largest developers in Pune and has pioneered housing for senior citizens. The proposed project is the first hotel venture of the company. source: Economic Times | Daily Extras! Eclat Me | Success Tip of the Day| 1DailyDiversion| Eclat Web - Must Visit Websites! A Beautiful Pic Every Day! Word of the Day| Quotation of the Day| Make Money! Immigration News! Desire- WOW Stuff! Stock Mkt Updates |
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