Kanakia Hospitality, hospitality arm of real estate developer Kanakia Spaces Pvt. Ltd., has forayed into the Indian hospitality segment with the launch of their first property ‘Courtyard by Marriott, Mumbai International Airport’ with 331 rooms in Mumbai. The property is owned by Kanakia Spaces and managed by Courtyard by Marriott and has been set up with an approximate investment of Rs 240 crore. Kanakia Spaces has identified three more land parcels in Lucknow, Ahmedabad and Goa to develop hotels. However, this is the first Courtyard by Marriott in Mumbai and sixth in the country. Presently, Courtyard by Marriott is operational in Chennai, Pune, Ahmedabad, Hyderabad and Gurgaon.
In the first phase, 292 rooms will be operational. The tariff for the hotel is Rs 7,500. As far as F&B offerings are concerned, the hotel has 24X7 coffee shop, ‘MoMo Café’, MoMo 2 Go, Red Zen, pool bar and MoMo 2 You. The hotel also has a fitness centre, swimming pool, business centre, banquet and spa (to be launched in June 2010).
Rasesh Kanakia, Chairman, Kanakia Spaces said, “This is our first hospitality project. We had identified the space for commercial purpose. However with an increase in the demand for mid-scale hotel in this vicinity, we decided to come up with a business hotel. It took us three years to build this hotel.”
Rajeev Menon, Area Vice President - India, Pakistan, Maldives and Malaysia, Marriott International Inc said, “We see a tremendous opportunity and scope for our new property. Courtyard by Marriott is one of the premium offerings and we have seen a phenomenal response for the brand worldwide.”
Speaking about the expansion plans of Kanakia Hospitality, Kanakia said, “We are looking forward to open three more hotels in the next three years focusing on mid-market segment. The Lucknow property will be Courtyard by Marriott, however, for Goa and Ahmedabad property, we have not yet decided on the management company. The investment for the upcoming projects is Rs 450-500 crore.”