Mayfair offers to invest Rs 525 cr

| | BHUBANESWAR
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Mayfair offers to invest Rs 525 cr

Friday, 16 November 2018 | PNS | BHUBANESWAR

Odisha-based Mayfair hotel group has announced in Make in Odisha Conclave 2018 to invest Rs 525 crore in the State only.

Mayfair Hotels and Resorts Executive Director Souvagya Mohapatra said the group is ready to invest Rs 300 Crore for a world-class convention centre having sitting capacity of 3,000 Pax integrated with a well-appointed 250 rooms business hotel with state-of-the-art facilities in 15 acres of land in Bhubaneswar with the support of the State Government.

The objective is to promote Bhubaneswar as a potential MICE destination at national and international platforms. Support from the Government was solicited for the proposed convention centre for hosting major Government programmes.

Mohapatra also elaborated on investment in a new five-star property at Satpada, Chilika lake: a 100-room resort with a modern golf course having all support facilities, i.e., a helipad, a jetty spread over a 50-acre of land owned by the company facing the Sipakuda sea mouth.

The resort would also include a craft village with local artisans residing in it for which the land has already been acquired.

The motive is to promote Satapada as an ecotourism destination. The Mayfair is willing to invest Rs 125 crore for development of this sector.

The group wants to create a separate operating company in PPP mode to upgrade and operate the existing Government properties providing accommodation facilities, i.e., inspection bungalows, forest bungalows, Panthanivas at strategic locations, which would enhance tourist accommodation facilities.

The group would invest Rs 100 crore for upgradation of the various propertiesdepending on the size and requirement.

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