Tuesday, August 21, 2007

3,000 hotel rooms near IGI by 2010

New Delhi: The GMR-backed Delhi International Airport Ltd (DIAL) has invited proposals from hospitality sector majors for building over 3,000 rooms in the hotels of all categories near the upcoming airport before the Commonwealth Games in 2010.
The consortium was allowed to commercially develop 5% of the total 5,000-acre area earmarked for Delhi Airport. In the first phase, 45 acres of the 250 acres allowed for commercial use will be used to develop a hospitality district.
‘‘About 50 players have sent expression of interest and 45 of them have been asked to send proposals by this month-end. The idea is to have over 3,000 rooms in the entire segment of hotels — from budget to five-star deluxe. The financial model will be finalised next month based on the kind of proposals we get,’’ said a DIAL official.
This hotel district will be linked by both the Metro and a six-lane road. DIAL has formed a full-owned subsidiary, Delhi Aerotropolis Pvt Ltd, for its hospitality arm.
21/08/07 Saurabh Sinha/Times of India
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