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Advani Hotels & Resorts gets nod for Rs 20 crore expansion plan

27 Feb 2023 Evaluate

Advani Hotels & Resorts (India) has received approval for proposal of construction of Banquet Hall facility of approximately 22,000 square feet of which the Banquet Hall itself will be of approximately 7,500 square feet plus an adjoining Swimming Pool, Porte Cochere and Function Lawn, etc. based on the feasibility report from Crowe Horwath HTL Consultants with a projected outlay of approximately Rs 20 crore, subject to obtaining the necessary approvals. The proposed capacity is to be added by December 31, 2024.

Advani Hotels & Resorts (India) is managing a 5-star deluxe luxury beach resort.


Peers
Company Name CMP
The Indian Hotels Co 726.00
ITC Hotels 162.05
Mahindra Holi.&Resor 200.20
EIH 294.90
Chalet Hotels 880.80
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