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Landmark Group eyeing at Indian Hospitality

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Claimed sources to www.propertykhazana.com says like in India hotel industry is making a quick tread within the short span and it is the upcoming normal search ground for the significant retail teams. This style was set up by the Dubai based Landmark Group which is proposing to invest for more than Rs. 500 Crores in the development of 12 budget hotels across the country. This group will run its hotel chain in India under its cost brand City Max and might go for the deal management way finally.
Landmark predicts the impending with 20 hotels across the country by 2009 and it has started to purchase the property in Indian Metros and in Tier II cities. Every CityMax Hotels is designed with 150-200 rooms and by the next one year it is likely to get the final shape. As much as leasing of these hotel rooms are concerned it will cost somewhere around Rs. 2,000 to Rs. 4,000.
Hotel chain will not present identical room levy across India, said Ravi Saxena, Managing Director of CityMax Hotels India to the www.propertykhazana.com. Group has also planned to develop 26 family amusement hubs in India by christen of “Fun City”. Right now, Landmark is operating 11 Lifestyle Stores and 5 Lifestyle Home Hubs in India and it will set the future investments in growth of its retail, Hypermarkets, Leisure and hotel businesses across the country. For more information logon to www.propertykhazana.com
Source: NIMMA BENGALURU

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