Five Star Spa Resort in Shirdi by St Laurn Hotels Group

September 23, 2009

St Laurn Hotels Group to invest Rs 3000 cr in 20 hotels in IndiaAhmedabad, Sept 23 : Pune based St Laurn Hotels and Resorts Groups will invest Rs 3,000 crore in 20 hospitality properties, mainly hotels and resorts, across the country till 2015, Managing Director

Lakshman Kariyaa said here today. Speaking to media persons after the launch of the Group's first five-star property 'ST LAURN TOWERS', built at a cost of Rs 105 crore on Ashram Road, in Gujarat, Mr Kariyaa said, ''Out of the Rs 3,000 crore future plan, the Group will invest Rs 1,000 crore and the rest would be funded through debt equity. However, at present we have no plan to go for public issue for next three years.'' ''The group will continue to its present strategy to develop all hospitality properties in second and third tier cities of the country as in metros like Delhi, Mumbai and Kolkata the land costs takes handsome investment,'' he said.''These 20 hotels would have total capacity of around

1,000 rooms and they will be in cities like Jaipur, Chandigarh, Pune and others,'' the Managing Director said.Disclosing future plan of the Hotel Group, Mr Kariyaa said,''We are coming-up with a Five Star Spa-resort in the pilgrim town of Shirdi at cost of Rs 82 crore. This project is to tap the Indian and foreigner, mainly NRIs, visiting the pilgrimage place which is now having second highest religious visitors after Tirupati Balaji Tirumala in Andhra Pradesh,''Mr Kariyaa said. Talking about Gujarat Development projects, he said, ''We are going to invest Rs

500 crore to build five 5-stars hotels, including St Laurn Towers in Ahmedabad, in Gujarat in coming years. Next venture is to set up 5-stars hotel in Surat.'' ''While one 5-stars hotel would be in cultural city of Vadodara and one more in Ahmedabad. And one would come up in either Rajkot or Jamnagar,'' Mr Kariyaa added. The company has floated a special SPV Shirdi Country Inns Pvt Ltd to execute these projects.Contact :St Laurn15 A, Koregaon Road,Pune 411 001,India.Email : reservationsWebsite : http://www.stlaurnhotels.com/index.htmlSource - http://www.newkerala.com/nkfullnews-1-117733.html "Hospitality is making your Guests feel at Home, even if you Wish they were."......anOnymOusPaying Pest (gUest) - rOhit beHaL

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