Tuesday, May 10, 2016

Super budget hotel! Chototel chooses India to build its first $2 hotel

Chototel, a London-based technology start-up has chosen India to set up its pilot “super-budget” hotel. Hotel tariffs start at Rs 100/day and offer uninterrupted electricity, water, gas and social infrastructure including daycare, infirmaries & community kitchen and gardens.


Through a diverse array of IOT, closed loop, real-time cash transfer, digital health and Big Data technologies, the project is able to deliver efficiencies from construction through to hotel operations and maintenance. The first project has already broken ground and is construction is underway in Nagothane, an industrial town, 70 kilometres south of Mumbai and situated on the new Mumbai-Goa expressway. The 240-room development will cater to 1,000 guests and is spread across 1.5 acres and 75,000 square feet of constructed area.

The project cost is GBP 1.75M (or INR 175M), translating to a price of approximately GBP 7000 (or INR 700,000) for a room size of 290 square feet. The project has a wide frontage on the National Highway 17 (Mumbai – Goa). The first Chototel location will target its accommodations at the large bank of industrial workers, working within a 15-kilometre radius, and also those travelling on the Mumbai-Goa expressway.

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