Gateway Hotels and Resorts, a part of the Taj Group, is planning to open five hotels in metro cities in India in the next two years, according to reports.
Gateway Hotels and Resorts COO P K Mohankumar reported "Five Gateway Hotels are in the final stages of construction at Chennai, Kolkata, Bangalore and Faridabad, besides Hubli and will be ready in the next two years".
The Chennai hotel would be the first one to be opened and will commence operations by March 2013, says report.
There are reports that management contracts have been signed for another 10 hotels in various locations.
India Infoline Research Team / 08:59, Sep 02, 2014
The indices are expect to open on a positive note. Some profit booking could always set in later in the day.