MIR And Starwood Joins Hands And Plans Coimbatore Entry
Speaking to reporters Mr Arunkumar K, managing director, Mir Group, said that the new projects would come up in Kochi, Thiruvananthapuram, Mangalore, Coimbatore, Chennai and Mysore. The new company has visualised a project outlay of Rs 250 crore. The Mir Group will have a share of 20% in this. “We will acquire land for the project and construct it while the management would be done by the Starwood Hotels,” he said. According to him, the two groups would ink the pact soon. The new projects of Mir Group are expected increase its turnover from the present Rs 150 crore to Rs 1,000 crore by 2011. Mir Group is also setting up a resort project in Munnar. The project with 100 rooms will come up on 4 acres. Apart from this, the company also plans to build a network of service apartment projects in South India.
Mir Realtors is planning another major township project on 25 acres in Kottayam. The investment for the Kannur project would be Rs 100 crore while that for the Kottayam project would be around Rs 200 crore. Mr Arun said that the Mir Group is entering the education sector also. The company is planning to launch a management institution in Kochi. The institute will offer courses in construction management, hotel management, supply chain and logistics management and aviation management.