Duet Hotels to invest Rs 2,300 crore in India

Duet India Hotels, a Delhi-based real estate investment company, will invest Rs 2,300 crore over next four years to build 5,000 hotel rooms in both mid-scale and entry 5-star properties in the country. The company, has tied up with New York-based Starwood Hotels & Resorts Worldwide to develop its hotels, to be run under the brand name of Four Points by Sheraton. Duet is also in talks with other international hotel players to launch their brands in the country. The company currently has five projects under development, which includes a 115-room hotel in Jaipur, a 223-room in Pune, a 124-room hotel in Ahmedabad, a 200-room hotel in Indore and a 220-room hotel in Hyderabad. In addition, the company is in talks with hotel management companies for setting up a 320-room hotel in Bengaluru, a 100-room hotel in Nashik and a 110-room hotel in Ludhiana. Contact: Duet India Hotels Ltd. E-mail: info@duetgroup.net Website: www.duetgroup.net