DIAL invites bids for setting up hotels near Delhi airport

New Delhi: Delhi International Airport Ltd (DIAL) has invited bids for setting up hotels on five plots in a hospitality district planned near the airport.
DIAL, the GMR Group-led consortium mandated to operate the National Capital's airport, has planned the 45-acre district around the airport for developing a mix of 5-star, 4-star and 3-star hotels. The properties would be developed on 13 plots.
DIAL has already alloted eight of 13 hotel plots in the district for developing hotels.
Bids are sought from individual companies or consortia with a net worth of at least Rs 50 crore. The selected bidders would enter into a long-term lease agreement with DIAL for 30 years which would be extendable by another 30 years.
In the initial round of bidding for eight plots, Accor, Hyatt (Saraf Hotels), Interglobe Hotels, Lemon Tree and Bird Group were the winners.
18/10/09 PTI/Economic Times

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Categories: Airports Oct 2009