Tata Group is planning to open their first five-star hotel - Taj Palace Hotel
- in Cape Town by December 2009.
Currently, the 176-room hotel is being constructed and is likely to cost $65
million (approx Rs 312 crore). The new planned hotel will incorporate the old
Reserve Bank building and the former headquarters of Bank of England. The
facades and many of the original features of the two 19th century buildings will
be included into the new hotel. The rooms and suites will be in a tower block
rising behind it.
The proposed hotel is the first of a number of hotels the Tata's plan in
South Africa, with one more each in Johannesburg and Durban. The group prefers
to own its own hotels, either alone or in partnership.
Also See:
Indian Hotels
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