Marriott, Prestige Group ink pact to develop two hotels in Delhi
Real Estate

Marriott, Prestige Group ink pact to develop two hotels in Delhi

Marriott International has entered an agreement with Prestige Group and DB Realty to build The St. Regis Aerocity and New Delhi Marriott Marquis hotels, the firm told the media.

Both the hotels are likely to open in 2025. Irfan Razack, chairman and managing director, Prestige Group, told the media that they have inked a contract with Marriott International to improve a St. Regis and India’s first Marriott Marquis and Convention Centre at Aerocity, New Delhi.

The deal is likely to add 779 rooms to the Marriott International portfolio. New Delhi Marriott Marquis is likely to feature 590 rooms while The St. Regis Aerocity in New Delhi is likely to feature 189 rooms and suites.

Rajeev Menon- president, of Asia Pacific (excluding Greater China), Marriott International, told the media that it allows them to render more choices and experiences in significant markets to serve the expanding and discerning customer base. India remains to be a priority market for them.

Image Source

Also read: Indian Railways inaugurates first pod hotel at Mumbai Central

Marriott International has entered an agreement with Prestige Group and DB Realty to build The St. Regis Aerocity and New Delhi Marriott Marquis hotels, the firm told the media. Both the hotels are likely to open in 2025. Irfan Razack, chairman and managing director, Prestige Group, told the media that they have inked a contract with Marriott International to improve a St. Regis and India’s first Marriott Marquis and Convention Centre at Aerocity, New Delhi. The deal is likely to add 779 rooms to the Marriott International portfolio. New Delhi Marriott Marquis is likely to feature 590 rooms while The St. Regis Aerocity in New Delhi is likely to feature 189 rooms and suites. Rajeev Menon- president, of Asia Pacific (excluding Greater China), Marriott International, told the media that it allows them to render more choices and experiences in significant markets to serve the expanding and discerning customer base. India remains to be a priority market for them. Image Source Also read: Indian Railways inaugurates first pod hotel at Mumbai Central

Next Story
Real Estate

Mahindra Lifespaces Bags Rs 12.5 billion Redevelopment in Mulund

Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has been appointed as the preferred developer for the redevelopment of a premium housing society in Mulund (West), Mumbai. The project will be developed across a 3.08-acre land parcel, with an estimated development value of approximately Rs 12.5 billion. Strategically located, the site enjoys proximity to major connectivity points—just 1.4 km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. It also offers seamless access to the Eastern Expre..

Next Story
Infrastructure Urban

Snowman Adds Warehouses in Kolkata and Krishnapatnam

Snowman Logistics, India’s leading integrated temperature-controlled logistics company, has announced the commencement of operations at its two new state-of-the-art, owned cold storage facilities in Kolkata and Krishnapatnam. With these additions, the company’s total pallet capacity has reached 1,50,754, spanning 43 warehouses in 20 cities across the country. The newly operational Kolkata facility offers a storage capacity of 5,630 pallets, while the Krishnapatnam facility holds 3,927 pallets. These warehouses are equipped with advanced automation and infrastructure designed to enhanc..

Next Story
Resources

Noesis Enables IHCL Hotel Deal in Udupi–Manipal Corridor

NOESIS Capital Advisors, India’s leading hotel investment advisory firm, has successfully facilitated a landmark hospitality transaction in the Udupi–Manipal region of Karnataka. The deal involves the acquisition of a nearly completed, 130-key upscale hotel that will operate under one of the premium brands of IHCL, reinforcing NOESIS’ position as a preferred partner for strategic hospitality transactions across India. Strategically located on the Udupi–Manipal Highway, the 1.03-acre property will cater to business travellers, pilgrims and families visiting Manipal University. With..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?