Dholakia group to invest Rs 200cr in hotel business

Despite the ongoing slowdown in the real estate and hospitality sectors, Mumbai-based Dholakia group plans to launch 12 new business class hotels over next three years at an investment of Rs 200 crore.

The group, which already operates two hotels in Mumbai under the brand ‘Orritel’, will have operations in the rest of Maharashtra, Gujarat and Karnataka over the next three years.

Speaking to Business Standard, Dholakia group managing director Amit Dholakia said, “We plan to provide four-star category hotel services at three-star rates. The combination of a hotel, a spa and a fashion boutique will help us attract more visitors.”

The group had recently launched its new hotel Orritel at Hinjewadi, the information technology hub of Maharashtra, in Pune.

The hotel has 60 executives rooms, 12 suites and three grand row houses along with a spa and other facilities.

“We are looking at Ahmedabad, Mumbai, Pune and few other locations in Bangalore to set up new hotels. Rudra is a popular spa chain in Mumbai and we plan to extend it on a franchisee basis to a number of cities in north India,” Dholakia added.