ITC Hotels plans 550 deluxe room hotel
Grand Chola coming up on a million square foot area in an eight-acre plot
that the Group acquired in the year 2000 for Rs.80 crore. The project coming at
Mount Road in Chennai, will entail an investment of around Rs.800-1,000 crore.
The hotel will have a 100 service
apartments, 75,000 square feet of retail space and 1,00,000 square feet of
conference and exhibition facilities. Apart from rooms, the complex will also
include a private multiplex with a capacity of 100 seats which can be used as a
venue for special viewing of films, documentaries or holding lectures.
The hotel has been designed by the
Singapore based SRSS architects. Work on the project is scheduled for completion
by third-quarter of 2009.
Also see:
ITC
proposes 7-star hotels in Bangalore, Chennai (05-Sep-05)