Tuesday, December 12, 2006

Landmark Group to set up hospitality business

The Hindu Business Line reports that the Landmark Group, which operates the Lifestyle retail stores in India, announced that it will be setting up a chain of three-star hotels, food courts, restaurants and amusement parks under a new entity Citymax Hotels. According to Ravi Saxena, Managing Director of Citymax Hotels India Pvt Ltd, "We plan to set up a total of 12 three-star hotels within the next three years across all the major cities in the country."

Landmark will be investing approximately $30 million to set up a chain of 30 amusement zones called ‘Fun City’. The company will also be setting up food courts in several malls across tier I and II cities and has short listed 15-20 brands which it would like to tie up with.

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