L&T as a part of its foray in hospitality business is setting up hotels in various parts of the country.

The company plans to set up hotels in Navi Mumbai, Chandigarh, Bangalore and Chennai under budget, mid-market, business hotel, five-star and serviced apartments segments.

The hotels are being developed through the SPV route, either directly (L&T) or through a group company (such as L&T Urban Infrastructure).

The company's Navi Mumbai project is under the SPV L&T Seawoods. The SPV is expected to develop an integrated commercial complex with a modern railway station at Seawoods. The project spread over 39.92 acre involves six million sq ft of commercial development comprising hotels and serviced apartments, retail, entertainment and leisure and office towers, in addition to three million sq ft of car parking space and the state-of-the-art Seawoods Railway Station.

The Seawoods development project implemented in phased manner is expected to house a 175-room budget hotel, followed by a 250-keys mid-scale hotel with a large convention centre facility Under the Phase I. The serviced apartment project is likely to be undertaken in the Phase II, details of which are still awaited. L&T is yet to finalise hospitality partners to manage the hotel and serviced apartment developments for this project.

This apart, L&T Bangalore Airport Hotel, a SPV formed by L&T and EIH is setting up a 321-room business hotel with conference facilities at the upcoming Bangalore International Airport at Devanahalli. The project is estimated to cost Rs 250 crore.

In Chandigarh, a separate SPV of L&T Urban Infrastructure, christened CSJ Infrastructure is likely to take up a mixed use development spread across 20.16 acre with total built-up-area of 3.05 million sq ft. The development is to comprise of a 1.12 million sq ft shopping mall, a 201-keys business hotel and 0.38 million sq ft of high-end office space. L&T is reportedly scouting for a hotel management partner for this project.

Another subsidiary of LT Urban Infrastructure, L&T Arun Excello Commercial Projects, is developing Estancia Hotel and Mall in Chennai across a 13-acre plot with a built-up-area of 1.35 million sq ft. The mall features extensive retail space, a 6-screen multiplex, food courts, entertainment zone and a four-star business hotel to be managed by the InterContinental Hotels Group. The hotel is expected to have 280 guestrooms in addition to extensive meetings and banquet space, food and beverage outlets, a health club, spa and a business centre, among others.

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