"We plan to own two more Radisson Hotels, in Ahmedabad and Kathmandu respectively, for which project details have already been finalised," managing director of Unitech Ltd R Chandra said here on Sunday in an exclusive interview.

A third hotel would be developed with participation from another realtor, but Chandra declined to divulge further details of this venture at present.While the first two hotels would involve Rs 35 crore investment each by Unitech, investment details for the third are still being worked out, he said. The decision todevelop new hotels follows Unitech's plans to get aggressive in the hospitality business, he said. "We plan to own a chain of restaurants in the next three years as part of the group's aim of doubling its turnover in the next three years," Chandra said.

Unitech posted Rs 275 crore sales turnover in 1998-99 and is targeting Rs 500 crore by 2002-03. In addition to setting up new hotels, the Unitech group has also firmed up plans to set up a hotel management institute, Chandra said.

"We will set up a hotel management school in Gurgaon by next year in order to enter one more arena in the hospitality business," he said.

The investment required for setting up the institute is mere Rs 1.5 crore. The company is holding talks with several foreign universities to offer a hotel management degree but a final decision is yet to be taken, Chandra said.