Emaar MGF has made a tie-up with Marriott International Inc for the project of hotels in New Delhi, Hyderabad, Kolkata and a ‘Courtyard by Marriott’ hotel in Amritsar. Emaar MGF has invested $400mn for this project. It will have a total inventory of 912 rooms. Currently, Marriott has tie-ups with real estate players like Raheja and Unitech, among others.
Mr. Shravan Gupta, executive vice chairman and managing director, Emaar MGF Land Limited, said, “This is just the beginning. We are exploring to develop more properties at the same places and others with Marriott”.
The four hotel projects are likely to be completed by 2010 end, with the Amritsar property to come up first.