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Private Sector | West Bengal - India | PID: 202713
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Kolkata-based Jain Group plans to invest Rs 500 crore by 2030 to enhance its footprint in the hospitality sector. It has collaborated with Sarovar Hotels to start a new hotel in Rajarhat in four months' time.
As part of the agreement, the Jain Group has infused around Rs 120 crore for the project. The management of the upcoming hotel will be run by Sarovar Hotels. The Group has signed a memorandum of understanding (MoU) with Sarovar Hotels for the Sarovar Portico Kolkata Rajarhat project.
The new hotel which will have 128 rooms across four categories like suites, premium, deluxe and standard, is expected to be opened by July, 2024.
Jain Group has a presence in the hospitality sector through Holiday Inn, Kolkata airport, and under its 'Vision 2030', it will add 1,000 hotel rooms, ranging from upscale mid-market to luxury, across the state. Besides, the company is also set to start three more hotels in Siliguri, Durgapur and Joka.
| Updated on: 05 - Apr - 2024
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