DIAL Attracts Interests of Hotel Majors

October 29, 2007	(Be the first to rate this story!)  Loading ...
Print This Story   Email This Story Subscribe Newsletter

The proposed project of modernizing Delhi’s airport By Delhi International Airport Private Limited (DIAL) is attracting large interests from leading players in Indian and international real estate and hospitality industry to develop 45 acres of commercial land near the international terminal.

The company has so far considered 15 applications, of which, 9 have been short listed and four will participate in a competitive bidding process.

The list of short-listed list includes the prominent hotel chains such as Delhi-based Claridges, European hotel chain Accor and US-based Starwood (which owns the Le Meridien and Sheraton brands). As far as short-listed real estate firms are concerned, they are Emaar MGF, Parsvnath, Omaxe, Vipul, DB Realty, Pacifica and Marathon.

Applications under consideration are from top hotel chains ITC, Indian Hotels and Lemon Tree and engineering and construction giant Larsen & Toubro.

DIAL had invited 45 applications to develop hotel under different categories of the ‘hospitality district’ to come up near the international terminal. The district will feature premium, budget, business, upscale, and convention hotels to cater requirements of all visitors.

News Published Under:   Hotel Industry in India |

Comments