Leading property developer Embassy Group has tied up with international hospitality major Hilton to build a 586-room dual branded star hotel in this tech hub, said the realtor on Tuesday.
"As per the agreement signed recently, the twin hotel will be developed and owned by our group, while Hilton will manage it," said Embassy in a statement.
Set to be located in the Embassy Manyata Business Park in the north-east suburb, the hotel will have 250 rooms at Hilton and 336 rooms at Hilton Garden Inn, with 46,000 sq.ft. of meetings and events space that can accommodate up to 1,500 people.
"The hotel complex, when completed by 2020, will have a food and beverage hub and two commercial towers. It will also sport an iconic design drawn by Singapore-based Andy Fisher workshop," said Embassy Chairman and Managing Director Jitu Virwani.
The star hotel will offer the rooms at two price points to serve the needs of global firms located in and around the sprawling park.
Both the partners, which run a brand hotel-cum-resorts at Embassy GolfLinks in the city's eastern suburb, plan to build a mega hospitality project at the 100-acre Embassy Tech-Village in the nearby suburb.
"Partnering with Hilton in developing two more hotels is part of our strategy in the hospitality business as it's a global leader in the sector and known for quality service and attention to detail," noted Embassy Chief Executive Mike Holland.
The partnership will also help Embassy in providing synergy with its 175 international corporate occupier clientele across its commercial parks.
"We see growing awareness of our global brand in the sub-continent and our partnership with Embassy reaffirms our commitment to India as an important market where we operate 15 hotels in 11 cities across the country," said Guy Phillips, Hilton senior Vice-President for Asia.
The three decades old realty group, which has an extensive land bank, developed a whopping 37-million square feet prime commercial, residential and retail space across the country and in Malaysia and Serbia.
The US-based 97-year-old Hilton has 4,700 managed, franchised, owned and leased hotels and timeshare properties, with 775,000 rooms in 104 countries the world over.
--IANS
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