Park hotels to invest Rs 3,000 mn in Pune

Bangalore: Apeejay Surrendra Park Hotels Ltd, owners of The Park Hotels, will be setting up a five star boutique hotel in Pune. The company has already acquired 90, 000 sq ft at Shivaji Nagar in Wakewadi near Pune.

The new property with restaurants and entertainment facilities will be ready by 2010. The project cost is estimated at Rs 300 crore, said Ms Priya Paul, Chairperson, Apeejay Surrendra Park Hotels Ltd.