Bharat Hotels plans luxury hotel in Kashmir Valley

New Delhi, January 17: | Updated: Jan 18 2002, 05:30am hrs
The Lalit Suri-promoted Bharat Hotels is planning to open another five-star hotel in the Kashmir Valley apart from one in Rajasthan. Mr Suri, who is the only hotelier to run a five-star hotel in Kashmir, told PTI if the law and order situation is normal in the Valley we will immediately set up another luxury hotel in Gulmarg.

Grand Palace Inter-Continental is the only private sector luxury hotel operating in the Valley. Grand Palace, located in the heart of Srinagar, is reportedly running at a loss. Commenting on this, Mr Suri said the company will be soon initiating extensive promotional marketing drive for the Grand Palace, Srinagar, to at least break-even this year.

Grand Palace, which was taken over from the Oberios group, was completely renovated at an investment of Rs 85 crore Mr Suri, who has been nominated for an award by the J&K government for promoting tourism in the state.