Phoenix Hospitality Company, announced the signing of a long-term management agreement with Marriott International for hotel projects at Mumbai and Agra.
To be built at a cumulative project cost of about Rs 320 crore, the hotels are part of mixed-use, retail-led development. The Marriott at Phoenix Market City, Kurla, in Mumbai will be a 300-room hotel and developed by Graceworks Realty & Leisure, a company promoted by Phoenix Hospitality and HBS Realtors.
The hotel will come up close to the international and domestic airports. Phoenix Market City is under construction, a retail and entertainment place which features the country’s largest multiplex, a mall, restaurants and bars and extensive commercial office space.
The Marriott Hotel will be the first international 5-star hotel brand to start operations in the central suburb of Mumbai. Gangetic Hotels, promoted jointly with Phoenix Hospitality, will develop the Courtyard by Marriott Hotel at Agra. The hotel will form a part of a larger Phoenix Market City mixed-use development, promoted by Big Apple Real Estate in which Phoenix Mills has a majority stake. The hotels will have 165 rooms.