Muthoot Group plans 5 Star Hotel

Muthoot Leisure and Hospitality, part of the Kerala-based Muthoot Group, plans to invest Rs500 crore in putting up two 5-star hotels and a resort, according to media reports.
The company plans a 250-room five star business hotel in 2.5 acres of land in Kochi with an investment of Rs200-crore, and a five star beach resort on acres of land in Mararikulam, with an investment of at Rs90 crore.

The group also plans to start a five star business hotel in Coimbatore with an investment of Rs200 crore. The Muthoot group currently owns one four-star resort-Muthoot Cardamom County-in Thekkadi, and 'Gold Star'-rated luxury houseboats in the backwaters of Kumarakom.
That apart, it owns a five-star property in Thiruvananthapuram called The Muthoot Plaza and another five-star resort in Kovalam run by the Taj group-Taj Green Cove.

The Rs14,000-crore Muthoot Group, apart from hospitality, has multiple business interests including banking and finance (the group's flagship business), healthcare, education and real estate.

Related Posts by Categories

Business News

• Coimbatore identified for lean manufacturing programme
• Industrial estates for smaller units sought
• BEML opens its Vendor Dev Office !!
• L & T Opens its casting unit !!
• Kannan Departmental Stores on expansion
• Chamber seeks removal of duty for fibre imports
• Tata launches Photon Plus in Coimbatore
• LMW sees increase in capacity utilisation
• Premier mills fory into luxary bed market
• India tops in BPO list !
• Ramco organises programme to explain its products
• Skill development programme
• L&T bags hospital building order at cbe !
• NEPC sets up a SEZ at Palladam !!
• Top Pricol official injured in an Attack
• Swiss delegation explores business opportunities
• Move to derecognise Coimbatore Stock Exchange stayed by HC
• ‘Made in Coimbatore’ expo in Mangalore
• Dresser establishes EOU in Coimbatore
• UNIDO launching new cluster programme !
• Powerloom strike continues.....
• Pump set price may go up !!
• Japanese delegation explores opportunities in semiconductor sector
• Duty Free Shop Inaugurated At Coimbatore Airport
• U.S Consulate Consul General @ Coimbatore

Infra

• ‘Medical Transcription Outsourcing Capital !
• Create infrastructure before Tamil meet: RAAC
• Modernisation of non-metro airports in 2 yrs
• Multi-storeyed buildings zones in other cities to be studied
• BSNL launches EVDO Data cards
• Provogue ventures into real estate !
• ICCI Protested The Powercut
• Smart Rooms 2009 Exhibition
• Flowserve to expand Coimbatore operations
• KGISL to invest 600 Cr in SEZ !
• Govt keen to develop Tier II cities
• Coimbatore – An Emerging Real Estate Destination
• Pilloor II Water Supply Scheme Likely By Mid 2010
• Focus Will Be On Road Repairs - Corp
• Residents protest against ST Plant !
• The needs of KOVAI !!
• Construction industry seeks speedy approval mechanism
• Tamizhaga Vivasayigal Sangham - No for Byepass !
• RAAC comes with " Vision Kovai Mission 10"
• ITC - Fortune park to set up Hotel @ Coimbatore !
• Coimbatore industy to set up 1000 MW Power plant !
• IT sector will Boost in 2 yrs ..
• Potholes on roads - Be safe !!
• Bosch to invest Rs 250 crore !!
• Civil engineers role - Expanding ..