Sayaji Hotels To Invest Rs 20 Crores In New Hotel At Indore

The Board of directors of Sayaji Hotels Ltd has approved to invest Rs. 20 crores for the project of budget hotel At Indore. It will be a 175 room’s mid segment budget hotel.

This 175 room Hotel will be operational from 2010 and will be developed and operated under the wholly owned Subsidiary Company named as “MALWA HOSPITALITY PVT LTD”.

The stock was trading at Rs.81.45, down by Rs.1.40 or 1.69%. The stock hit an intraday high of Rs.86.95 and low of Rs.81.45.

The total traded quantity was 6372 compared to 2 week average of 29936.

One Comment

  1. Posted April 3, 2008 at 12:57 am | Permalink

    Ya i think Hotels Market has great future.
    Even For the new-age green consumer and those who believe in sustainable tourism here is a good news. After eco-friendly hotels, India will have it’s first green hotel — The Park Hotel in Hyderabad. The investment in this 280-room hotel, scheduled to start operations by mid-2009, will be around Rs 350 crore, 15% higher than a regular hotel. And it might not be a good idea for smokers to book a room in the hotel as 90% of it’s area will be non-smoking.

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