The Hindu Business Line : Sterling Group to invest in greenfield hotel in Bangalore

THE Sterling Group, an NRI company that operates restaurants and is engaged in other businesses in the Gulf region, has decided to invest in a greenfield hotel project in Bangalore.

The company has made the city an operational centre with its Sterling's Mac Fast Food outlets, and will develop a four star property with modern amenities, said Mr K. John Mathew, Managing Director.

Sterling's Mac Hotels Pvt Ltd will also set up a service apartment adjacent to the hotel.

Mr Mathew said Bangalore has been facing acute shortage of hotel rooms, and with the city emerging as a major hub for leading international corporations, good hotels with modest tariff levels have become a necessity.

In another proposal, Mr Mathew, in association with a local real estate developer, Mr Sadat Ali Khan of Farah Builders, is to re-launch Highgate Hotel, which had been bought over by the two promoters.

The hotel and serviced apartment complex will be developed at a cost of Rs 40-45 crore, Mr Mathew said adding that the project would be ready in about two years.

The hotel would have 125 rooms, while the service apartment with 42 rooms will cater to business executives looking for accommodation at a modest price.

Mr Mathew said Stelring's was also planning to enter the retail infrastructure sector and would develop a shopping mall-cum-commercial complex. It has identified land for the purpose near the proposed Bangalore International Airport project near Devenahalli.

It has also decided to re-launch its fast food outlets.

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