|
Upfront
Emaar MGF inks 4 hotel deal with Marriott
Emaar MGF has partnered with Marriott International to design, construct and
equip JW Marriott Hotels in New Delhi, Hyderabad, Kolkata and a Courtyard by
Marriott hotel in Amritsar, entailing total investments over US$ 400 million.
The hotel projects are likely to be completed by end 2010. As part of the agreement,
Emaar MGF will be the owner and developer of the proposed hotels and Marriott
International shall provide advisory and management services. Elaborating on
this partnership, Shravan Gupta, executive vice chairman and MD, Emaar MGF,
said, "We are excited to partner with Marriott International, for setting
up one of their marquee brands, JW Marriot hotels in New Delhi, Hyderabad and
Kolkata and a Courtyard by Marriott hotel in Amritsar."
JW Marriott Delhi, Jasola is a proposed 300-room development and will be a lifestyle
destination hotel. At Hyderabad, the planned 250-room JW Marriott will be at
HITEC City, part of Emaar MGF's sprawling 531-acre integrated township in the
IT hub.
|