Manglam Group to Invest ₹1,000 cr in Rajasthan Hotels
Rajasthan, known for its rich cultural heritage and breathtaking natural beauty, has been witnessing a significant surge in tourism in recent years. The state’s hospitality sector has been growing rapidly, with many prominent hotel chains and real estate developers showing interest in investing in the region. One such example is the Manglam Group, a well-known real estate giant, which has announced a massive ₹1,000 crore investment to expand its hospitality footprint in Rajasthan.
The investment will fund luxury hotel projects across various locations in the state, including Jaipur, Ajmer, and Alwar. The move is aimed at catering to the rising demand for premium accommodations in Rajasthan, which has been driven by the increasing number of tourists and business travelers visiting the state.
According to a recent report by the Rajasthan Tourism Development Corporation, the state received over 12 million tourists in 2020, with the average daily foreign tourist arrivals increasing by 20% year-on-year. This growth is expected to continue, driven by the state’s rich cultural heritage, natural beauty, and well-planned infrastructure development.
Manglam Group’s investment in Rajasthan hotels will focus on developing luxury hotel projects that offer world-class amenities and services to guests. The group has already started working on several projects, including a 150-room Westin Jaipur Resort, which is expected to be completed by 2024.
The Westin Jaipur Resort will be located on a 12-acre plot in Jaipur’s upscale area of Kukas, just 30 minutes from the city center. The resort will feature luxurious rooms, suites, and villas, as well as a range of amenities such as a spa, fitness center, swimming pool, and multiple dining options.
In addition to the Westin Jaipur Resort, Manglam Group has also announced plans to develop new hotel projects in Jagatpura, Ajmer Road, and near Khatu Shyam Temple. These projects will cater to the growing demand for premium accommodations in these areas, which are popular among tourists and business travelers.
The group’s investment in Rajasthan hotels is expected to create hundreds of jobs and stimulate local economic growth. The project will also promote Rajasthan as a preferred destination for tourists and business travelers, further boosting the state’s economy.
Manglam Group has a strong track record of developing world-class residential and commercial properties in Rajasthan. The group’s hospitality venture is expected to leverage its expertise and reputation to deliver high-quality hotel projects that meet international standards.
The group has partnered with leading hospitality brands such as Westin and Marriott to develop its hotel projects in Rajasthan. The partnership will enable Manglam Group to leverage the expertise and resources of these global brands to deliver exceptional guest experiences.
Rajasthan’s hospitality sector has been growing rapidly in recent years, driven by the state’s rich cultural heritage, natural beauty, and well-planned infrastructure development. The state has become a popular destination for tourists and business travelers, with many prominent hotel chains and real estate developers showing interest in investing in the region.
The state government has been actively promoting tourism and hospitality development in Rajasthan, with a focus on creating world-class infrastructure and amenities. The government has also launched several initiatives to promote local entrepreneurship and job creation in the hospitality sector.
In conclusion, Manglam Group’s ₹1,000 crore investment in Rajasthan hotels is a significant development in the state’s hospitality sector. The investment will fund luxury hotel projects across various locations in the state, including Jaipur, Ajmer, and Alwar. The move is aimed at catering to the rising demand for premium accommodations in Rajasthan, which has been driven by the increasing number of tourists and business travelers visiting the state.
The group’s investment in Rajasthan hotels is expected to create hundreds of jobs and stimulate local economic growth. The project will also promote Rajasthan as a preferred destination for tourists and business travelers, further boosting the state’s economy.
Source: https://ascendants.in/business-stories/manglam-group-invests-1000-cr-rajasthan-hotels/
