Many five-star hotel groups eye Nagpur

Nagpur seems to have appeared simultaneously on the radar screens of many five-star groups as teams from three more chains are understood to have made initial surveys to locate their properties here.

Two hotel chains Kamat Group and Radisson Hotels and Resorts have committed investments of Rs 100 crore and Rs 35 crore respectively.

Now, Le Meridian, Ginger Hotels of the Tata Group and the Hyatt Group are understood to have sent advance teams to the city to scout for possible locations for their properties.

Interestingly, all of them have shown keen interest in land bordering the Wardha Road even as they also looked up some other sites. Builders and property agents said that if any one of them comes up with a firm offer, land rates may shoot up all over again.

Already, property rates on Wardha Road are at their zenith and nobody is willing to hazard a guess on how high they could go.

Kamat and Radisson's too have decided on Wardha Road for their respective properties.

A four member team from Le Meridian, a company with several five star properties across the country, visited the city recently.

Though the amount of investment and the standard of facilities that it is planning to offer, are not known, an industry insider said that the company was planning to start operations here within 18 months.

"The team was here for a feasibility study of the region. They did some survey on the viability and the prospects of a project here and checked out on the rules and regulations for constructing a property in the city," brokers said. Plans, however, are yet to be finalised, they said.

Realty dealers also disclosed that Ginger Hotels, a chain of budget hotels of the Tata Group, visited the city for purchasing a plot, again, on Wardha road. The group, reportedly, failed to zero in on any particular site that could fulfill their needs.

Hyatt Group of Hotels too have checked up on the city. Another group of economy hotels, Lemon Tree Hotels, has also shown interest in Nagpur.