Starwood To Invest Rs 750 cr. in Real Estate India

Global hotel and leisure company Starwood Hotels and Resorts Worldwide Inc., on Wednesday announced setting up their chain of Westin Hotels and Resorts in India at an investment of Rs 750 crore. Starwood Hotels and Resorts Worldwide Inc, owners of St. Regis, Sheraton, Westin and Le Meridien brands, have tied up with Vatika Hospitality Pvt. Ltd., a subsidary company of Vatika Group. As part of the agreement, they will introduce their chain of Westin Hotels and Resorts in India with the launch of The Westin Bangalore and The Westin Sohna Resort. “It is a matter of pride for us to introduce the Westin brand to India. We will be developing three Westin properties in India with a collective outlay of Rs 750 crore. We will be introducing the first Westin brand in India with the Westin Resort in Sohna, scheduled to be launched in December 2006, followed by the Westin Gurgaon in 2007,” Vatika Group, Executive-Director, Gaurav Bhalla, said.