Newstrack

Hotels to put Rs 10,635 cr in Gujarat

EH Staff - Ahmedabad

Tourism in Gujarat is attracting dozens of hoteliers, with more than 30 players signing MoUs with the state government for setting up hotels, resorts and tourism projects. As per government officials, the proposed 32 projects would bring in an investment of Rs 10,635 crore, providing employment to close to 26,370 people. The MoUs were signed at the Vibrant Gujarat Global Investor’s Summit held last month in Ahmedabad.

Interestingly, this time it is not only Ahmedabad that has caught the fancy of hoteliers, but also cities like Surat, Morbi and Kutch region. Gujarat Heritage has proposed an investment of Rs 327.50 crore for setting up beach and heritage hotels in Kutch and Morbi. For a five-star hotel, Hotel Crown will invest Rs 325 crore, while Divisions DLF will infuse Rs 250 crore for business hotels at four locations. Royal Manor Hotel plans to expand Taj Umed hotel and set up another five-start hotel in the state. New Jersey-based Apex Hospitality and Mohit Industry propose to invest Rs 100 crore each for five-star hotels in Gujarat, while the latter also has similar plans for Surat. Florida Metal Trading has also entered into a MoU to set up golf hotels and village hotels in Surat at a cost of Rs 355 crore. In addition to this, Bangalore-based Itina Filmcity plans to invest Rs 2,240 crore for setting up a film city, while Pleasure Park will infuse Rs 330 core for an entertainment park in the state.