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Construction for the first project is underway in Nagothane, 70 kms south of Mumbai situated on the new Mumbai-Goa expressway. The 240-room development spread across 1.5 acres will cater to 1,000 guests. The target customers will be industrial workers, working within a 15 km radius, and also those travelling on the Mumbai-Goa expressway.
Chris Phillips, Chototel’s Chairman said, “India’s diversified economy and robust growth prospects make it the most attractive location globally to set up our first project. With inflation under control and the economy benefiting from lower commodity prices, demand for low-cost service products can only go up.”
Rhea Silva, Managing Director, Chototel, adds, “The Chototel project is a technological super machine. We use innovative technologies to build, operate and manage in a way that helps us keep costs low and efficiencies high. We are committed to making India the cornerstone of our market entry strategy.”
Chototel aims to build 100,000 rooms in the next five years in the Mumbai-Pune-Goa corridor and is currently in the process of acquiring land in Chakan, Goa and Gujarat for its next round of projects in India.
Source: travelnewsdigest.in