Daiwik Hotels, a Kolkatta based company is planning to invest Rs. 1800 million to set up 5 hotels across India in pilgrimage centres. The company plans to gain market share in the niche and will set up hotels in Rameshwaram, Dwaraka, Varanasi, Katra and Tirupathi. These hotels will be completed by early 2015.
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The company has already entered into a joint-venture with the Pabubha Manek family. The JV partner will provide a land bank of approximately 1.20 acre and the necessary infrastructure for the upcoming property. Daiwik Hotels operates in the pilgrim destination category with 4-star offerings. It has completed its Rameshwaram hotel.
Berggruen Hotels, which has the mid market brand 'Keys' had signed up a contract with Shradha Resorts for operating a upcoming hotel in Shirdi. It will have 80 rooms, besides board rooms, activity zone, gym, restaurant and lounge. This is the first venture of the brand 'Keys' in pilgrim market.