GRT Hotels & Resorts, a leading hospitality chain in South India, has acquired the five-star Asiana Hotel located on Old Mahabalipuram Road (OMR) in Chennai for Rs 153 crore. According to sources familiar with the deal, the transaction was completed in March 2025.

The acquisition marks a significant addition to GRT’s expanding portfolio, which currently includes 24 hotels across the southern region. The Asiana Hotel, which has remained closed for the past six years due to prolonged litigation, features 178 rooms and is set to undergo major renovations. GRT Hotels plans to invest approximately Rs 100 crore in upgrading the property. "We want to inaugurate the hotel at least partially with 50–60 rooms by March next year," a company source stated.

The hospitality group is also in discussions with global brands like Hilton and Marriott to establish a partnership for the revamped facility. Once operational, the Asiana Hotel will become one of GRT's flagship properties in Chennai, positioned to cater to both business and leisure travelers along the tech corridor. This strategic acquisition reinforces GRT’s commitment to expanding its luxury footprint in key urban markets.