The Park Hotels, pioneers of the boutique hotel concept in India, have launched their first hotel in the city and the ninth in the country on Thursday.
With a total investment of Rs. 340 crore, this new 270 - room flagship property is the ninth addition to the Apeejay Surrendra Park Hotels’ collection of boutique hotels. The hotel’s breathtaking facade refer the jewellery for which Hyderabad is world—renowned, Priya Paul,Chairperson — Appejay Surrendra Park Hotels Private Limited told mediapersons.
“We take pride in launching what will be an iconic hotel in the heart of Hyderabad — iconic for its services, design and architecture.”
“This 7—star Modern Palace is inspired by the jewels of Hyderabad. Today, The Park Hotels are synonymous with creating innovative standards in the travel industry, offering guests luxurious services. Hyderabad has emerged as one of India’s key metropolitan cities and a business hub and we are delighted to grow with the city”, Ms. Paul said.
The Park, Hyderabad is a LEED GOLD certified green hotel by the US Green Building Council.
The leadership in Energy and Environmental Design (LEED) Green Building Rating System is internationally recognised and measures how efficiently a building or community perform across all relevant metrics like energy savings, water efficiency, CO2 emissions reduction, improved indoor environmental quality as well as stewardship of resources and sensitivity to their impacts.
On the launch Anurag Bajaj, General Manager, The Park, Hyderabad said, “In today’s era of eco—consciousness and sustainability, we are extremely proud to bring to Hyderabad, India’s first LEED GOLD certified hotel. It environment friendly design and construction ensures that power— consumption is lower by 30 per cent and potable water consumption has come down by 40 per cent.”
“In December 2009, The Park Hyderabad was awarded the ’Best future hospitality project in India’ by Cityscape India“.
The group is investing another Rs. 1,000 crore in the next five years in phase manner to come up with new properties at Mumbai, Goa, Ms. Paul said.
Last year, group turn over was nearly Rs. 1600 crore, Ms. Paul said.
Presently, the Park Hotel are located in New Delhi, Kolkata, Chennai, Bangalore, Navi Mumbai, Visakhapatnam and Kerala with total 1145 rooms.
The management expects 60 per cent occupancy during the first year and will reach the break - even point by 2014 -15.
Keywords: Business venture