The Delhi-based CHL Ltd, the parent company of Crowne Plaza Surya, is promoting the project.
According to the external ministry officials, the government of Tajikistan has invited foreign investments in all sectors including hospitality.
Speaking to FE, VM Tandon, advisor for this project in the company said, the government of Tajikistan has given 4.8 hectare land on licence to use for an unlimited period for this project. The designs are ready and construction is expected to start in March/April 2004 after the finalisation of financial tie-ups, he said.
Mr Tandon said that a fully air-conditioned commercial complex with shops, food courts, office spaces and a cineplex will start functioning in the first phase.
A 20-room hotel with all modern facilities of international standards will then begin operations, he said.
As part of this project the company is also going to set up an automobile showroom. Work on this will start in the immediate phase only, Mr Tandon added.
CHL Ltd belongs to $100-million Malhotra Group having a number of companies in Kuwait and Dubai.
The Crowne Plaza Surya, New Delhi was opened in November 1982 and is a member of the Intercontinental Hotels Group, one of the leading global hotel company. Surya collaboration with the Intercontinental Hotels Group previously known as Six Continents Hotels in September 2000 and henceforth became the Crowne Plaza Surya.
The Intercontinental Hotels Group has four brands Intercontinental; Crowne Plaza; Holiday Inn; Staybridge Suites.