Friday, October 7, 2011

Novatel Varun Beach Hotel to be ready by next month

Novatel Visakhapatnam Varun Beach — a five-star hotel built by the Varun group on the beach road — is getting ready and will be operational by next month, according to Mr Vallurupalli Prabhu Kishore, Chairman and Managing Director.

He said at a press meet here on Tuesday that almost 90-95 per cent of the work on the project had been completed and it would be ready by November. “We started the work on the project in 2008. Sea Valley Private Ltd, our company, started the work and later on we entered into an agreement with Accor Hotels group and Novatel is their brand. There are three Novatel properties in the country, two in Hyderabad and one in Mumbai, and Varun Beach will be the fourth,” he said.

Mr Kishore said that Varun group, the dealer of Maruti here, had hitherto been only in the automobile business and for the first time had ventured into the hospitality and entertainment sector. “We have constructed six Inox cinema halls adjacent to the hotel and started operations in March 2010,” he said.

Best hotel project award

Recently, he said, Novatel Varun Beach had been presented the “Best Hotel Project - Pan India 2011” by the Zee Business channel and the Union Minister for Urban Development, Mr Kamal Nath, had given the award in New Delhi. “It is an honour and it is a great tribute to our team working tirelessly for the past three-and-a-half years on this prestigious project,” he said.

Convention centre

He said Novatel Varun Beach would boast of the biggest convention centre, its unique selling point. It would have 225 rooms, nine executive suites, one presidential suite and one accessible room. “Previously, big conferences could not be held here for want of a really big convention hall. Now we have one here on the beach and it will be big attraction,” he said.

In response to a question on the project cost, Mr Prabhu Kishore said that exclusive of the land cost Rs 100 crore had been spent on the hotel so far and Rs 16 crore or so on the cinema halls. The project would generate 350-400 jobs, he added.
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