Chennai-based GRT Hotels & Resorts is planning to invest around Rs.200 crore to add 500 rooms to its existing inventory of 395 rooms, which will come both at its existing properties in and around Chennai, as well as through green field projects in Coimbatore and Hyderabad.

The company plans to add 72 units to Temple Bay resorts, and 90 rooms to the Radisson Hotel, both in Chennai. Apart from this, the company has also acquired 2.6 acres for a proposed 168-room hotel in Coimbatore and 2.3 acres for 172-room hotel in Hyderabad. Both these will be 5-star hotels.

At present, GRT Hotels owns five properties - a four-star hotel GRT Grand in Chennai's retail district T. Nagar, a five-star hotel Radisson Hotel GRT near Chennai airport, a five-star resort Temple Bay at Mahabalipuram (a tourist centre near Chennai) and two three-star properties in Madurai and Kanchipuram.