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Category: Hotels Delhi
Delhi International Airport Ltd (DIAL) a joint-venture company comprising India Development Fund, GMR Group, AAI, Fraport and Malaysian airport has around 45 acres allotted for hotel in the airport vicinity. It has invited 13 bids to construct hotels and Accor, Hyatt, LemonTree, Interglobe and Bird Group has won 5 hotels in it. The bidders will enter into a long term lease with DIAL for 30 years extendable for a further 30 years. It will also have to pay a annual rental (increasable of 5.5% every year) to DIAL and a intial refundable security deposit. A mix 3-4 and 5 stars are likely to come up on these 45 acres and 8 more bids are still to be evaluated.
