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« PBEL ties up with L&T to develop ‘PBEL City’ | Home | Taj to launch hotels in Bahrain »

Wellwisher Group forays into hospitality

Real estate developer, Wellwisher Group, has entered the hospitality industry and is constructing a four star business hotel at Palm Beach Road in Navi Mumbai. It will invest about Rs 40 Crore in the project which is expected to be operational by end 2010. Speaking to Hospitality Biz on the development, Abhijeet Bhansali, Managing Director, Wellwisher Group states, “Demand for good quality hotels in Navi Mumbai is expected to increase as several business houses have been diverted here. We aim to cash on the same.”

Wellwisher is also developing a 70 acre township in Khopoli, inclusive of a hotel component slated for operations by 2011. The property’s target market will consist of both, tourists and business clientele.

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