Indian Real Estate Forum - www.indianrealestateforum.com - View Single Post

Rashmi · 30-08-07

After Mumbai, Delhi will be the next destination for international hospitality major Four Seasons Hotels and Resorts. DLF Hotels, the hospitality wing of real estate major DLF, has entered into a management contract agreement with the premium hospitality chain for developing a 250-room super luxury hotel in Gurgaon with an investment of around Rs 550 crore.

Plans are to complete the hotel project before Commonwealth Games in 2010. The hotel will be built in DLF Golf and Country Club, as part of the DLF’s ambitious integrated city in New Gurgaon, being developed on lines of Manhattan in New York. At present, Four Seasons Hotels and Resorts, is giving finishing touches to its first property in the country at Mumbai, which is expected to open by the year end. Four Seasons has presence in more than 30 countries with 75 hotel properties.

DLF and Hilton have a 74:26 JV for putting in place 75 hotel properties across the country over an seven year period. Hilton’s agreement with the DLF Group is exclusive for three brands in Hilton portfolio namely, Hilton, Hilton Garden Inn, and Homewood Suites, essentially targeting the mid-segment market.

The real estate major has drawn out ambitious plans in the hospitality sector to develop 25,000 hotel rooms over the next five years.

30-08-07	#1
Rashmi Member Join Date: Nov 2006 Posts: 90 Thanks: 0 Thanked 0 Times in 0 Posts	DLF tie up for Rs 550cr hotel After Mumbai, Delhi will be the next destination for international hospitality major Four Seasons Hotels and Resorts. DLF Hotels, the hospitality wing of real estate major DLF, has entered into a management contract agreement with the premium hospitality chain for developing a 250-room super luxury hotel in Gurgaon with an investment of around Rs 550 crore. Plans are to complete the hotel project before Commonwealth Games in 2010. The hotel will be built in DLF Golf and Country Club, as part of the DLF’s ambitious integrated city in New Gurgaon, being developed on lines of Manhattan in New York. At present, Four Seasons Hotels and Resorts, is giving finishing touches to its first property in the country at Mumbai, which is expected to open by the year end. Four Seasons has presence in more than 30 countries with 75 hotel properties. DLF and Hilton have a 74:26 JV for putting in place 75 hotel properties across the country over an seven year period. Hilton’s agreement with the DLF Group is exclusive for three brands in Hilton portfolio namely, Hilton, Hilton Garden Inn, and Homewood Suites, essentially targeting the mid-segment market. The real estate major has drawn out ambitious plans in the hospitality sector to develop 25,000 hotel rooms over the next five years.