New hotels in Pune
Oct 16, 2005, 10:33 pm
#1
Original Poster
Join Date: Feb 2005
Location: SIN
Programs: SQ G, Hyatt D, Shangri-La G, Hilton G, Marriott G, IC PrCl G
Posts: 231
New hotels in Pune
This was reported in the Indian Express last week. Much needed hotel rooms in the city finally seem to be on the way. Marriott & Radisson seem to have already started work on their respective constructions.
Pune (Maharashtra,India) – Happiest city of the world is now preparing for a new boom
THE city, largely starved of five-star luxuries, will soon be spoilt for choice. Riding the IT boom and a resurgent manufacturing sector, star hotels — 2,000 three-five star rooms will come up in 24-36 months — are making a beeline for Pune.The latest to join the bandwagon is the Leela Group of Hotels with its board approving a Rs 180 crore project in the city. ‘‘The 200-250 room 5-star business cum urban resort will come up near the golf course.
‘‘A forecast other hotel chains are taking seriously too. For example, Marriott International is setting up a 280-room hotel at the ICC Convention Centre for Rs 300 crore, which is slated for a 2007-end launch. The Runwals’ promoted Radisson is already under construction.The six to seven star hotels in Pune with 800-1,000 rooms have 90 to 95 per cent occupancy.Pune has a shortage of 1,500 rooms and when the International Convention Centre (ICC) becomes operational there is going to be an additional demand for 2,000 rooms.
According to industry sources, over the next two-three years, 1,500-2,000 star rooms are coming up, several in the eastern IT corridor between Kharadi and Airport Road. Hyatt Regency is in talks with three developers to set up a hotel in the city. Also in the hotel fray are the Tatas (a second business hotel near Hinjewadi) and ITC. Ditto Shangri La (wants to launch its lower-end Traders brand), Orchid, DoubleTree, Australian chain Ibis. Looks like Pune is all set for a star hotel boom. Pune does need good quality hotels. When foreigners look at investment opportunities, besides infrastructure, they look for good schools, good hospitals and good hotels. Cash rich, job happyIT’S not only info-tech which is making cash registers ring in Pune.
With 1,500-2,000 star hotel rooms slated to come up in the next two-three years, the hospitality industry is all set to contribute to city coffers as well — and add to jobs too. According to industry sources, on an average a single three-star hotel room needs an investment of Rs 30 lakh; a four-star room Rs 55 lakh, a 5-star room Rs 75 lakh and a super-deluxe 5-star room Rs 1.25 lakh. Similarly, while a single 4-star hotel room will lead to an employment of two persons, for a five-star room it will mean three more jobs.
Pune (Maharashtra,India) – Happiest city of the world is now preparing for a new boom
THE city, largely starved of five-star luxuries, will soon be spoilt for choice. Riding the IT boom and a resurgent manufacturing sector, star hotels — 2,000 three-five star rooms will come up in 24-36 months — are making a beeline for Pune.The latest to join the bandwagon is the Leela Group of Hotels with its board approving a Rs 180 crore project in the city. ‘‘The 200-250 room 5-star business cum urban resort will come up near the golf course.
‘‘A forecast other hotel chains are taking seriously too. For example, Marriott International is setting up a 280-room hotel at the ICC Convention Centre for Rs 300 crore, which is slated for a 2007-end launch. The Runwals’ promoted Radisson is already under construction.The six to seven star hotels in Pune with 800-1,000 rooms have 90 to 95 per cent occupancy.Pune has a shortage of 1,500 rooms and when the International Convention Centre (ICC) becomes operational there is going to be an additional demand for 2,000 rooms.
According to industry sources, over the next two-three years, 1,500-2,000 star rooms are coming up, several in the eastern IT corridor between Kharadi and Airport Road. Hyatt Regency is in talks with three developers to set up a hotel in the city. Also in the hotel fray are the Tatas (a second business hotel near Hinjewadi) and ITC. Ditto Shangri La (wants to launch its lower-end Traders brand), Orchid, DoubleTree, Australian chain Ibis. Looks like Pune is all set for a star hotel boom. Pune does need good quality hotels. When foreigners look at investment opportunities, besides infrastructure, they look for good schools, good hospitals and good hotels. Cash rich, job happyIT’S not only info-tech which is making cash registers ring in Pune.
With 1,500-2,000 star hotel rooms slated to come up in the next two-three years, the hospitality industry is all set to contribute to city coffers as well — and add to jobs too. According to industry sources, on an average a single three-star hotel room needs an investment of Rs 30 lakh; a four-star room Rs 55 lakh, a 5-star room Rs 75 lakh and a super-deluxe 5-star room Rs 1.25 lakh. Similarly, while a single 4-star hotel room will lead to an employment of two persons, for a five-star room it will mean three more jobs.
Jul 4, 2014, 2:41 am
#3
FlyerTalk Evangelist
Join Date: Apr 2009
Location: India
Programs: Bonvoy Lifetime Titanium, IHG Plat, HH Gold, Trident Plat, DL Diamond, AI Maharajah
Posts: 29,655
is this really needed????
prices in 5 star hotels in pune are fairly low & occupancy is never full....why the need for new hotels????
prices in 5 star hotels in pune are fairly low & occupancy is never full....why the need for new hotels????
Jul 4, 2014, 9:27 pm
#4
Join Date: Apr 2009
Location: 1 AU
Programs: Support the Tyrants Travel Club
Posts: 2,708
This thread is almost 10 years old wth
Jul 5, 2014, 2:06 am
#5
FlyerTalk Evangelist
Join Date: Apr 2009
Location: India
Programs: Bonvoy Lifetime Titanium, IHG Plat, HH Gold, Trident Plat, DL Diamond, AI Maharajah
Posts: 29,655
Jul 7, 2014, 4:15 pm
#6
Moderator: GLBT travelers, India-based Airlines and India; FlyerTalk Evangelist
Join Date: Jan 2004
Location: Asia
Programs: Yes!
Posts: 15,512
As per FT ToS, please do not bump threads more than two years old.
Thanks,
AJLondon
Mod IbA
Thanks,
AJLondon
Mod IbA