La Calypso to widen footprint across India

Goa-based La Calypso Hotels Private Ltd is planning to extend its footprint across India with a whopping investment of Rs 350 crore to set-up seven five-star properties by 2009.

It will develop hotels at Mumbai, New Delhi, Pune, Gurgaon, Bangalore, Hyderabad and a resort on the Mumbai-Pune Expressway.

While the Mumbai, Bangalore and the Mumbai-Pune Expressway properties will be targeted at domestic and international tourists, the other four hotels will cater mainly to the business traveller.

"The Hyderabad hotel is taking shape and is expected to be ready by November this year. The business class property will focus on the city's booming IT industry. Work on other projects is expected to start by this year-end and is slated for completion in a record time of two years," said Kaushal Khanna, chairman and managing director, La Calypso Hotels Pvt Ltd.

Since its inception in mid-2005, La Calypso Hotels Pvt Ltd has carved a niche in Goa¿s hospitality industry with its maiden property along the Baga beach in north Goa.

"We plan to position ourselves at the top of India's hospitality industry. Currently, we are upgrading our three-star property in Goa to the five-star category.

Though the refurbished hotel will be ready by early December, 2007, we will apply for a five-star rating only next year," Khanna said.