Roots Corporation plans hotel inside malls
The
Hindu March 7, 2007
Roots Corporation (RCL), the
owner of the Ginger brand of budget hotels, is exploring
opportunities in setting up a hotel inside a mall. Talks
are being held with some mall owners, Prabhat Pani,
chief executive officer, said. RCL is a wholly owned
subsidiary of Indian Hotels Company of the Tata Group.
Expanding its southern presence, it plans to set up
one hotel each at Mangalore and Tirupur.
Pani told The Hindu that typically around 45,000 sq
ft was required for housing a 100-room hotel and talks
for acquiring space within a mall was in an active stage.
He declined to divulge anything further.
An investment of about Rs 200 crore (without the cost
of land) is proposed to be made by 2007-08 to bring
the total number of Ginger hotels to 25 from 6.
While three of the existing hotels are in the south
(at Bangalore, Mysore and Thiruvananthapuram), Mangalore
and Puducherry are among the projects under implementation
now.
"Work has also commenced in Goa and Agartala,"
Pani said.
MoU signed
West Bengal chief minister Buddhadeb Bhattacharjee is
set to inaugurate in Durgapur the first Ginger hotel
in West Bengal.
A memorandum of understanding (MoU) has been signed
with Bengal Pragati (a joint venture of WBIDC) for acquiring
land for setting up another one at Rajarhat in Salt
Lake, he said.

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