DIAL invites cos to set up luxury hotels at airport

New Delhi: Delhi International Airport Ltd (DIAL) has sought expression of interest from hotel developers and real estate players to develop a hospitality district in the airport. It has earmarked five land parcels within the airport complex that would house luxury and business hotels, service apartments and a convention centre, spread over 40 acres.
Roadshows are currently on both in India and abroad to solicit international and Indian hospitality developers as partners in the project. DIAL is expected to finalise the development partners for the hotels by August this year and the properties are likely to be operational before the 2010 Commonwealth Games.
DIAL has floated a new subsidiary company, Delhi Aerotropolis Private Ltd (DAPL), to undertake the development of the 250-acre of real estate around the airport, creating a hub for hotels, commercial office and retail space. It had appointed property consultants Jones Lang LaSalle (JLL) and Lehman Brothers to prepare a master plan for the project.
31/05/07 Sudipto Dey/Economic Times

To Read the News in full at Source, Click the Headline

Categories: Airports May 2007, New May 2007