Adani Group is set to build two premium segment hotels in the Ahmedabad airport campus. The company is set to make a capital infusion of Rs 1,500 crore over five years to set up the two hotel buildings, This marks Adani Group’s maiden foray into hospitality real estate.
The projects will come up near the international terminal of the Ahmedabad airport and are expected to be commissioned over the next five years.
The new hotels are slated to come up as part of the airport development plan. Over and above the hotels, the process of developing retail and commercial spaces and entertainment zones, is also under way. Sources, however, said Adani Group will not manage the proposed hotel properties and instead hand over the management to a hospitality partner.
Both the hotels are expected to be in the premium and luxury segment with five-star amenities. Each hotel will emerge into a 300 keys property and will come up on the airport land itself.