BPTP, Fairmont sign pact to run upcoming hotel in Noida
ROADS & HIGHWAYS

BPTP, Fairmont sign pact to run upcoming hotel in Noida

In Noida, domestic and international hotel brands vie to grab a share of the traffic going to the Taj Mahal on the Yamuna Expressway. Real estate developer BPTP has roped in Fairmont to run upcoming hotel in Noida. Fairmont is a Canadian luxury hotel operator, which has signed a hotel management contract with BPTP.

The hotel will come up on a portion of the 21 acres of land that BPTP owns in sector 94. The company is already building a 500-room Grand Hyatt at the same location.The fivestar Fairmont hotel will have 175 rooms and 100 Fairmont residences. This is Fairmont's second hotel in the country after the one in Jaipur.

The Fairmont property that should be operational by 2016, will add to the growing list of hotels in the area as operators and real estate developers bet on the increase in business traffic. These include Four Seasons, ITC, Hyatt, Marriott and others. Another developer, Supertech, had recently brought in the Leela group to manage a 250-room hotel next to BPTP's land.

According to hotel consultancy HVS, about 7,000 additional rooms are being planned in Noida, of which only 35 per cent will finally be delivered. Yet experts expect an oversupply situation in the market.

In Noida, domestic and international hotel brands vie to grab a share of the traffic going to the Taj Mahal on the Yamuna Expressway. Real estate developer BPTP has roped in Fairmont to run upcoming hotel in Noida. Fairmont is a Canadian luxury hotel operator, which has signed a hotel management contract with BPTP. The hotel will come up on a portion of the 21 acres of land that BPTP owns in sector 94. The company is already building a 500-room Grand Hyatt at the same location.The fivestar Fairmont hotel will have 175 rooms and 100 Fairmont residences. This is Fairmont's second hotel in the country after the one in Jaipur. The Fairmont property that should be operational by 2016, will add to the growing list of hotels in the area as operators and real estate developers bet on the increase in business traffic. These include Four Seasons, ITC, Hyatt, Marriott and others. Another developer, Supertech, had recently brought in the Leela group to manage a 250-room hotel next to BPTP's land. According to hotel consultancy HVS, about 7,000 additional rooms are being planned in Noida, of which only 35 per cent will finally be delivered. Yet experts expect an oversupply situation in the market.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement