Phoenix Hospitality inks pact with Marriott International

Phoenix Hospitality Company, the hospitality initiative of the Ruia family, promoters of The Phoenix Mills, announced the signing of a long term management agreement with Marriott International.

At a cumulative project cost of approximately Rs 3.20 billion, the hotels will be located at Agra and at Mumbai as a part of mixed-use retail led developments.

The Marriott at Market City Kurla in Mumbai will be approximately a 300 key hotel and developed by Graceworks Realty & Leisure, a company promoted by Phoenix Hospitality and HBS Realtors.

Conveniently located in Kurla, a mere 15-20 minute drive from the International & Domestic Airports, the Marriott Hotel will be ideal for business travelers and a one-stop-shop for tourists. The hotel is situated at the under-construction Phoenix Market City, Kurla complex, a retail and entertainment haven and the first of its kind in Mumbai, featuring the country’s largest multiplex, an iconic mall, restaurants and bars and other exciting outlets apart from an extensive commercial office space.

The Marriott Hotel will be the first international Five Star hotel brand to start operations in the central suburb of Mumbai. Phoenix Market City Kurla will be based on the mixed used development that has successfully worked for High Street Phoenix in Lower Parel, Mumbai. The project spread over 25 acres will consist of approximately 1.35 million sq ft of retail and approximately 1.20 million sq.ft of office in addition to the Marriott. This project is expected to transform Kurla and its surrounding areas, with proximity to both South and North Mumbai, and accessible by both train and metro railway services.

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