ABIL to open 500-room hotel in Navi Mumbai
ABIL Group, which has four hotels in the country, plans to open a 500-room hotel in Navi Mumbai soon. The company has a large land parcel near the earmarked Navi Mumbai International Airport and was waiting for the airport’s work to take off in earnest before initiating work on the hotel.
“This year, we can finally talk to operators, sign contracts, start planning and bring consultants on board. Once we finalise everything, we can go for environment clearance and other sanctions, which means our construction can start only middle of next year,” said Amit Bhosale, MD, ABIL Group.
This hotel, which will be an upscale property, is expected to take around four years to execute since it will be a significantly large project. “It will cater to the increased guest traffic resulting from the upcoming airport. We will also have a large convention center and banquets area to tap the MICE customers,” he added.
Additionally, Navi Mumbai is a growing market, with the proposed Trans-Harbour Link likely to come up by 2022, the area will witness a lot more economic activity. This is the captive audience that we are targeting,” Bhosale stated. He is also working towards a 65-room resort in the Maldives, and is in the process of identifying the right brand to partner with for both these projects.