India Real estate developer Uppal Group has tied up with hospitality major JW Marriott for developing and managing two five star hotels at an investment of Rs 500 crore.
“We will be investing about Rs 500 crore for developing both properties which will be managed by international chain JW Marriott Hotel,” Uppal Group CEO (SEZ and Hotels) Gian Bansal said.
One of the hotels would come up in Gurgaon comprising 210 rooms, while other hotel in Chandigarh would have 175 rooms. This would be a revenue-cum-profit sharing agreement with the international hotel chain, Bansal said. India property would be operational by 2009.
Sources & For more informations visit - http://indiarealestatemonitor.com/property-news/uppal-group-tied-with-jw-marriott/
Filed under: Uppal Group , JW Marriott, Uppal Group
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