Omaxe Limited, a leading real estate company having diversified projects in nine states and 30 cities and one of world's largest hotel companies, the Intercontinental Hotel Group (IHG) have joined hands to bring to the city of New Chandigarh (formerly Mullanpur), a five star hotel "Holiday Inn".
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Officials at Omaxe told here today that the company will undertake the construction of the hotel which will be managed by IHG. The coming up of Holiday Inn would be a step forward towards creation of a commercial hub in Omaxe New Chandigarh that will house retail spaces–International Trade Tower and India Trade Tower, alongside the hotel.
Omaxe will invest close to Rs 200 crores in building this luxurious Hotel that will cater to corporates and the local elite, including tourists. The office and retail spaces in the vicinity have been attracting reputed companies from sectors like IT, BFSI, Retail etc in the national and international arena.
Omaxe New Chandigarh, spread across approx. 700 acres, is an integrated township in New Chandigarh. With offerings like plots, independent floors, villas, proposed group housing, office and retail spaces, hotels etc.; the township with its greenery, clean environment and proposed creation of schools, colleges, hospitals etc will emerge as a world-class city. New Chandigarh in itself is emerging as a hot-spot destination with Medicity, Education city, Metro Rail, Cricket Stadium etc proposed in New Chandigarh.
Source : http://www.indianexpress.com/news/new-chandigarh-to-have-holiday-inn-hotel/1137676/
After ushering New Chandigarh into an era of International Office Spaces, World Class Homes and hybrid amenities, Omaxe once again pioneers the launch of Service Suites in the region.
With the markets becoming global and an increase in travel due to Business, Leisure and other purposes, the region now faces a crunch of well equipped Hotel Rooms and Service Suites. To fill in this gap and to offer par excellence accommodation options, Omaxe is proud to bring forth Hotel Holiday Inn as part of its Integrated Township at New Chandigarh.
This hotel would be the first and perhaps the only star hotel to find a footing in this new upcoming commercially vibrant city. This hotel would boast of excellent Service Suites which could be retained by the owner for self use or be leased out through Hotel Operations as part of its core business. Needless to say, Holiday Inn is a major name in the Hospitality Industry and its expertise shall go a long way in leasing out, maintaining and ensuring constant revenue for the service suite owner.
In close proximity to 2 International Office Towers, a Medicity spread across 300 acres with 5-6 good hospitals, upcoming Educity with an area of approximately 1700 acres, forthcoming Film city project, and part of the 140 Acres of Commercial Hub, in proximity to upcoming International Cricket Stadium and the Industrial town of Baddi, these Service Suites would fulfill the requirements of Corporates, Business Travelers, Education Faculty, Students and people coming for medical treatments.
The Service Suites would be sold with an Assured Return of 12% for a period of 5 years or possession, whichever is later. The revenue, thus generated from the leasing out would be passed on to the investor after deducting the applicable expenses which should be in sync with the Assured Return. These Suites are available in 5 variants of approx. 480,720, 960,1440 and 1920 Sq Ft.
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Officials at Omaxe told here today that the company will undertake the construction of the hotel which will be managed by IHG. The coming up of Holiday Inn would be a step forward towards creation of a commercial hub in Omaxe New Chandigarh that will house retail spaces–International Trade Tower and India Trade Tower, alongside the hotel.
Omaxe will invest close to Rs 200 crores in building this luxurious Hotel that will cater to corporates and the local elite, including tourists. The office and retail spaces in the vicinity have been attracting reputed companies from sectors like IT, BFSI, Retail etc in the national and international arena.
Omaxe New Chandigarh, spread across approx. 700 acres, is an integrated township in New Chandigarh. With offerings like plots, independent floors, villas, proposed group housing, office and retail spaces, hotels etc.; the township with its greenery, clean environment and proposed creation of schools, colleges, hospitals etc will emerge as a world-class city. New Chandigarh in itself is emerging as a hot-spot destination with Medicity, Education city, Metro Rail, Cricket Stadium etc proposed in New Chandigarh.
Source : http://www.indianexpress.com/news/new-chandigarh-to-have-holiday-inn-hotel/1137676/
After ushering New Chandigarh into an era of International Office Spaces, World Class Homes and hybrid amenities, Omaxe once again pioneers the launch of Service Suites in the region.
With the markets becoming global and an increase in travel due to Business, Leisure and other purposes, the region now faces a crunch of well equipped Hotel Rooms and Service Suites. To fill in this gap and to offer par excellence accommodation options, Omaxe is proud to bring forth Hotel Holiday Inn as part of its Integrated Township at New Chandigarh.
This hotel would be the first and perhaps the only star hotel to find a footing in this new upcoming commercially vibrant city. This hotel would boast of excellent Service Suites which could be retained by the owner for self use or be leased out through Hotel Operations as part of its core business. Needless to say, Holiday Inn is a major name in the Hospitality Industry and its expertise shall go a long way in leasing out, maintaining and ensuring constant revenue for the service suite owner.
In close proximity to 2 International Office Towers, a Medicity spread across 300 acres with 5-6 good hospitals, upcoming Educity with an area of approximately 1700 acres, forthcoming Film city project, and part of the 140 Acres of Commercial Hub, in proximity to upcoming International Cricket Stadium and the Industrial town of Baddi, these Service Suites would fulfill the requirements of Corporates, Business Travelers, Education Faculty, Students and people coming for medical treatments.
The Service Suites would be sold with an Assured Return of 12% for a period of 5 years or possession, whichever is later. The revenue, thus generated from the leasing out would be passed on to the investor after deducting the applicable expenses which should be in sync with the Assured Return. These Suites are available in 5 variants of approx. 480,720, 960,1440 and 1920 Sq Ft.
