Adarsh Realty all set to build Shangri-La Hotel in Bengaluru

Adarsh Realty all set to build Shangri La Hotel in Bengaluru Adarsh Realty all set to build Shangri La Hotel in BengaluruBeing developed with an investment of around Rs 600 crore, this hotel can create a special place for itself in the luxury hospitality segment of Bengaluru.

In its bid to create unique value proposition, Adarsh Realty and Hotels, the hospitality arm of Adarsh Group, is all set to invest around Rs 600 crore and build a Shangri-La branded luxury hotel in the city of Bengaluru.

As per the market reports, the 370-room luxurious property, located in the heart of IT hub of Bengaluru’s Outer Ring Road, is expected to be finished in the next two years. Adarsh reality will fund the project through a combination of debt and equity options.

It is interesting to note that when completed, this will be the third Shangri-La hotel property in India, and second in the city of Bengaluru. It may be recalled that first Shangri-La hotel opened in Delhi in the year 2005. [Read more...]