Ashiana Housing inks hotel management agreement for Marine Plaza

05 Jul 2011

Ashiana Housing has inked hotel management agreement for Hyatt Place in Jamshedpur, India with an affiliate of Hyatt Hotels Corporation. The proposed hotel will be part of the Marine Plaza mixed-use development, which is strategically located on banks of the river Subernarekha and near the prime residential and commercial areas like Circuit House, Bistupur and Sonari in Jamshedpur.

Marine Plaza will comprise of two floors of retail space (ground and first) and six floors above for the hotel. The hotel will comprise of 120 rooms with a restaurant, bar, fitness centre, swimming pool and meeting facilities.

Recently, Ashiana Housing’s wholly owned subsidiaries - Topwell Projects Consultants had acquired approximately 40 acres of land situated at Bhiwadi, District - Alwar in Rajasthan. The land would be utilized to develop a residential colony with total saleable area of approximately 30 lakhs square feet. The land which the company acquired was currently 'Agricultural' and it plans to receive the requisite clearances in this financial year and start development.

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