Muthoot Pappachan group plans two business hotels in Chennai

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Category: Industry Overview

Muthoot Pappachan group which has diversified interests has acquired land in OMR(Old Mahabalipuram Road) and in Sriperumpudur to set up two business hotels. According to sources, OMR property will have 197 rooms and is likely to be run by a international chain. In Sriperumbudur, it will have 200 rooms and will be a mid scale hotel. These projects are likely to go operational by 2012. The projects will entail an investment of Rs.1500 million.

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