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The five-star hotel will be spread over an eight acre plot with 323 rooms spread over two towers
“We need another year and two months for completion of the hotel. We are looking at an inauguration time of around early 2014,” Shristi Infrastructure managing director Sujit Kanoria told PTI.
In 2009, when the project was announced, the company was aiming to inaugurate the hotel in mid-2012.
Sources said economic slowdown had taken a toll on the project and now the company is optimistic of making the hotel, which is located here, operational by early 2014.
Kanoria chose not to comment on the reasons for delay of the project.
The five-star hotel will be spread over an eight acre plot in the satellite township of Rajarhat with 323 rooms spread over two towers.
According to Kanoria, the company has already tied up with Westin Hotels and Resorts for a 15-year management contract for the hotel which will be run under the Westin brand.
Westin Hotels & Resorts, spread over 30 countries, is an upscale hotel chain owned by the US-based Starwood Hotels & Resorts Worldwide.
The project is targeted to break-even by 2020, he said.
Kanoria also said the group was looking to set up another five star-category property in Udaipur (Rajasthan) though it would not be managed by Westin.
“We have till now not tied up with anyone for management contract (of the Udaipur hotel),” Kanoria said.
The Udaipur project would have 200 rooms and is expected to cost Rs 240 crore.