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Indian Hotels' investment plans
NEW DELHI:
Indian Hotels Company Limited on Tuesday said it would invest Rs. 100 crore in the next fiscal to set up smart, basic budget hotels across the country and also bid for Indian Railways Catering and Tourism Corporation's (IRCTC) tender for operating hotels. "We will be offering one new hotel of 100-room capacity every six weeks in the next one year," Indian Hotels Managing Director and CEO, Raymond Bickson, said here. Addressing a press conference, he announced the renaming of the company's smart basic hotels project, earlier known as `indiOne' to `Ginger'. The newly rebranded chain opened its second hotel at Hardwar in Uttarnchal on Tuesday, 16 months after having floated its flagship hotel in Bangalore.
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