Ritesh Gupta, New Delhi (2006-04-27)
TAJ GVK Hotels and Resorts
announced an investment worth US$91 million over the next three years
to increase its room strength to 1,400 by 2009/10.
The expansion plan includes two new hotels: the 215-room Taj Chennai
which will be operational by March 2007 in Chennai and the 186-room
hotel in Begumpet, Hyderabad, which will be operational by 2008/09. The
company will also add 125 rooms and 65 luxury residences to the 261-key
Taj Krishna and 120 rooms to the 151-key Taj Residency in Hyderabad.
Chairman, Mr G V Krishna Reddy, said the company was in the process of acquiring land in Bangalore for a 250-room luxury hotel.