US-based Pacifica Companies to build another five (5) star hotel in Gujarat, India
US-BASED Pacifica Companies India, founded a non-resident Indian, is set to build its second five-star hotel in Ahmedabad, Gujarat, India even as construction for the first one is about to begin.
The second five hotel will be built with an estimated investment of Rs.1.5-2 billion along the Sarkhej-Gandhinagar High way on the western fringe of Ahmedabad, Gujarat, India. The SG Highway, as it is better known, is the new corporate address of the city.
San Diego, California-based Pacifica companies was founded in 1978 by Ashok (Ash) Israni, Its new five-star hotel in Gujarat, India will be built on land formerly owned be the Tourism Corporation of Gujarat Ltd(TCGL), for which Pacifica companies successfully put up a bid of Rs.240 million, a source told IANS.
Under the sale guidelines it has been specifically laid down that the property can be used only for tourism related project though earlier there were indications that Pacifica may build a mall there.
Pacifica companies hotel portfolio currently contains over 30 properties located in Arizona (AZ), California...
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