28.6.08

Unitech plans a Rs.4,000 crore Hospitality push

Unitech announced plans to invest Rs 4,000 crore in hospitality business in the next five years.Unitech has planned to develop 35 hotels, comprising about 6,000 rooms, in the next five years across the country. The estimated investment construction will be about one billion dollar as they already have the land.The company would raise 350 million dollar through private equity this year, adding 26-40 per cent stake would be diluted in the hotel projects.


No comments: