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Pacifica Businesses India, founded a non-resident Indian, is set to construct its second 5-star hotel in Ahmedabad, Gujarat, India even as construction for the initial 1 is about to start.
The second five hotel will be built with an estimated investment of Rs.1.5-two billion along the Sarkhej-Gandhinagar High way on the western fringe of Ahmedabad, Gujarat, India. The SG Highway, as it is better known, is the new corporate address of the city.
San Diego, California-based Pacifica companies was founded in 1978 by Ashok (Ash) Israni, Its new five-star hotel in Gujarat, India will be built on land formerly owned be the Tourism Corporation of Gujarat Ltd(TCGL), for which Pacifica companies effectively place up a bid of Rs.240 million, a supply told IANS.
Beneath the sale guidelines it has been particularly laid down that the property can be utilised only for tourism related project though earlier there had been indications that Pacifica could develop a mall there.
Pacifica organizations hotel portfolio presently contains more than 30 properties positioned in Arizona (AZ), California (CA), Florida (FL), Texas (TX), and New York (NY). Most of the hotels have recognized brand names such as Marriott, Courtyard by Marriott, Greatest Western, Holiday Inn, DoubleTree, Clarion, Hilton and Radisson.
Pacificas first hotel project in Ahmedabad, Gujarat, India is a five-star company class hotel in association with the Marriott International lodging business. With 160-plus rooms, it will be the biggest 5-star hotel in Ahmedabad, Gujarat, India, according to Pacifica.
It is coming up in a posh satellite region of western Ahmedabad adjacent to the SG Highway. The location is in close proximity to prime residential regions, retail outlet space and institutional space.
With the new sale, TCGL has disposed of eight of its properties in the states so far. The corporation is now focusing on the sale of one more 12 properties across the state. These consist of the Chorwad beach resort in Junagadh district in Saurastra.
TCGL by this strategy will now focus only on development of tourism in the state, sources said.
Pacifica has almost $two billion in assets. Pacifica Hosts Inc., the hotel management arm of Pacifica Organizations, presently manages over 30 hotels of different sizes, the largest getting a 600-space hotel at the Los Angeles International Airport. advertiser international internship here