The Union Government is planning to add 100 budget hotels by 2016 in a bid to encourage the hospitality sector. The tourism ministry wants to set up these hotels through public-private-partnership (PPP) in one, two and three-star categories, besides adding 3,440 rooms by the end of the 12th Plan period (2012-17). The land for building these hotels will be allotted through a “transparent bidding process”, according to tourism ministry’s working group report on the 12th Plan.
In a major expansion of its activities, Mfar Hotels & Resorts Ltd has decided to invest Rs 1500 crore in the next five years to set up hotel projects in India and abroad. The new projects would come up in major South Indian cities like Chennai,