US-based Pacifica Business to develop another 5 (5) star hotel in Gujarat, India
US-BASED Pacifica Companies India, established a non-resident Indian, is set to build its second luxury hotel in Ahmedabad, Gujarat, India even as building and construction for the first one will start.
The 2nd 5 hotel will be developed with an approximated financial investment of Rs.1.5-2 billion along the Sarkhej-Gandhinagar High way on the western fringe of Ahmedabad, Gujarat, India. The SG Highway, as it is much better understood, is the brand-new corporate address of the city.
San Diego, California-based Pacifica companies was established in 1978 by Ashok (Ash) Israni, Its brand-new luxury hotel in Gujarat, India will be built on land previously owned be the Tourist Corporation of Gujarat Ltd(TCGL), for which Pacifica companies successfully set up a quote of Rs.240 million, a source told IANS.
Under the sale standards it has been specifically set that the residential or commercial property can be used only for tourism associated task however earlier there were indicators that Pacifica might build a mall there.
Pacifica companies’ hotel portfolio presently contains over 30 residential or commercial properties located in Arizona (AZ), California (CA), Florida (FL), Texas (TX), and New york city (NY). Most of the hotels have recognized brand names such as Marriott, Yard by Marriott, Finest Western, Vacation Inn, DoubleTree, Clarion, Hilton and Radisson.
Pacifica’s very first hotel task in Ahmedabad, Gujarat, India is a first-class company class hotel in association with the Marriott International lodging company. With 160-plus rooms, it will be the biggest five-star hotel in Ahmedabad, Gujarat, India, inning accordance with Pacifica.
It is coming up in a swank satellite area of western Ahmedabad surrounding to the SG Highway. The area remains in close proximity to prime residential areas, retail outlet area and institutional area.
With the brand-new sale, TCGL has disposed of eight of its properties in the states up until now. The corporation is now concentrating on the sale of another 12 residential or commercial properties throughout the state. These consist of the Chorwad beach resort in Junagadh district in Saurastra.
TCGL by this strategy will now focus just on advancement of tourism in the state, sources said.
Pacifica has almost $2 billion in possessions. Pacifica Hosts Inc., the hotel management arm of Pacifica Business, presently handles over 30 hotels of various sizes, the biggest being a 600-room hotel at the Los Angeles International Airport.