Madhucon group to foraying into the hospitality sector, ties with IHG

Madhucon group, is foraying into the hospitality sector

Nama Hotels Pvt Ltd (NHPL), its associate company, is developing two hotel projects in Hyderabad, which would be managed by InterContinental Hotels Group (IHG) — the world's largest hotel management company by number of rooms.

The two Madhucon hotels under construction are part of a mixed-use development consisting of a shopping mall and commercial and office space.

This entire project is spread over a nine acre land parcel located opposite Jawaharlal Nehru Technological University at Kukatpally in Hyderabad.

The two hotels will be managed under Holiday Inn Express and Holiday Inn brands featuring 160- and 360-rooms, respectively.

Between both the projects Nama Hotels is likely to incur an overall cost of Rs140-150 crore.