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Talera Group gets into development of economy hotels

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According to the sources available to www.propertykhazana.com, Talera Group of Hotels (TGH) is in the bid to hit the growth in domestic tourism and the biggest group of hotels in Pune is proposing to invest a high Rs. 1,500 Crores for construction of 100 complete automatic budget hotels below the sphere of ‘Smart Inn’. Venture is planned to be completed in coming 5 years and the group under its additional Petite Hotel Projects will construct 100 Smart Inn properties in India. TGH is really thinking to add 10,000 rooms with staying in pace of the ability of every land to have an average of 100 rooms at the cost of Rs. 15 Crores. Chain will furnish to the demanding needs for both business and leisure travelers and already first hotel has started its operations in Pune. Similarly, people are in queue to come up by mid 2008 in the cities comprising Mysore, Nagpur and Ahmedabad.
Claimed sources to www.propertykhazana.com say that the venture will originally be finished during internal increase and the company will hike funds from the capital market later on. Customers will have the amenities to check in cabins by paying through either credit cards or cash through the automatic concept. System removes the requirement of any human intervention, said Harshad Talera, MD of Talera Group of Hotels to the www.propertykhazana.com. The marketing will be done online and mass media like TV and Print and with the growing number of business and leisure travelers, self employed and professionals growing, venture comes to have a bit risk.

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