29 November 2012
Royal Palms India: Sell four hotels
Realty developer Royal Palms India is considering selling four of its hotels in the city and is hoping to rise up to Rs 2,500 Cr for further expansion and diversification into the agriculture sector. In the same development, the company had already purchased around 300 acres in Pune. There are plans to cultivate high-paying crops, from grains to fruits organically. Around 30 per cent of the funds raised from the sale will be employed for the expansion plans to the business.
The Amir Group-company is also looking to acquire nearly 1,500 acres in Kolhapur. In the five-star category, the company has three hotels, including Hotel Imperial Palace, Palms Hotel Tower & Convention Centre, as well as Palms Villas Hotel, besides another hotel under construction, with over 400 rooms. The company hopes to rise over Rs 2,500 Cr and has appointed consultancy firm Knight Frank for the execution of the deal.
For more information visit, Royal Palms India
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1 Responses to “Royal Palms India: Sell four hotels”
22 February 2013 at 17:45
India is globally famous for its cultural and heritage attraction that appeals tourists from all over the world for tours and travels.Thanks a lot for sharing here.
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