Four Seasons lines up more projects
Four Seasons – the Canadian luxury hotel chain – is eyeing a slew of projects in India, including hotels, resorts, service apartments and residencies.
Three months after opening the doors of its first hotel in India at Mumbai, the company has finalised plans for a hotel in Gurgaon in partnership with real estate major DLF. It is currently in the process of modifying the project to add a Four Seasons-branded residential condominium.
In Hyderabad, the company has tied up with Emaar-MGF to develop another Four Seasons property.
The Gurgaon and Hyderabad projects will entail investments of around $120-150 million each, excluding land prices, officials said.
In Bangalore, Four Seasons will open in partnership with Goldman Sachs through a joint venture with ETA, a Dubai developer. The project is estimated at around $150 million, with Goldman Sachs holding a majority stake of 76 per cent.
More : telegraphindia.com