Ahmedabad may have India’s tallest hotel

Maulik Pathak

AHMEDABAD: The plans of Shree Raj Tours and Travels for setting up a 42-storey hotel, India’s tallest, in Ahmedabad, are taking shape.

The promoters have initiated talks with leading international players like Accor and its Novo Hotel, Four Seasons, Shelton and Sheraton, for construction, design and management of the Rs 350-crore project.

“We are in talks with a few international players. But we are yet to finalise a company. Raj will finance the project and also look after its promotion,” Lalit Sheth, chairman and managing director of Shree Raj Tours and Travels, told DNA Money.

“This will be tallest hotel, taller than the existing 39-storey hotel in Mumbai,” Sheth asserted.

The company is studying some locations and could settle for a five-acre patch off the Sarkhej-Gandhinagar highway, said sources. The land will be finalised by the end of this year and the hotel will come up in a year and half.

The first 20 storeys will house facilities including shopping centres, the largest spa and conventional centre in the country and other facilities. The remaining floors will have about 500 rooms.

Shree Raj Tours and Travels reported a turnover of Rs 200 crore last financial year and expects to push this up to Rs 300 crore this fiscal.