"We will be investing about Rs 500 crore for developing both properties which will be managed by international chain JW Marriott Hotel," Uppal Group CEO (SEZ and Hotels) Gian Bansal said.
One of the hotels would come up in Gurgaon comprising 210 rooms, while other hotel in Chandigarh would have 175 rooms. This would be a revenue-cum-profit sharing agreement with the international hotel chain, Bansal said. Both properties would be operational by 2009.
