OverviewDescriptionCovered AreaHighlightsBasement LayoutGuestroom LayoutBusiness DemandBusiness SupplyCompetitive AnalysisMarket Share
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A Star Hotel being developed in Chandigarh Extension (Zirakpur) on the 200 ft. wide
National Highway – 22
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Approx. 1 Acre of approved land located on the National Highway with Direct Access
from Highway
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5 kms from Chandigarh Airport
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1.5 KMs from Panchkula
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9 KMs from Chandigarh City Centre
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Maiden project with multi facilities
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Eco-friendly practices for least pollutant activities
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Plot Area:
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Approx. 4100 sq. yards
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Building Plans:
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Approved
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FAR:
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3.0
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Frontage:
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170 ft.
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Access:
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Directly from National Highway – 22
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Sanction Plan:
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Basement, Lower Ground, Upper Ground, First to Fifth Floor
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Covered Area:
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Approx. 115,000 sq. ft.
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Construction Status:
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Basement roof casting scheduled for Dec. 06
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Hotel Capacity:
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Approx. 150 Rooms
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BASEMENT:
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17500 sq. ft.
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LOWER GROUND FLOOR:
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15000 sq. ft.
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UPPER GROUND FLOOR:
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15000 sq. ft.
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FIRST FLOOR:
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15000 sq. ft.
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SECOND FLOOR:
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12500 sq. ft.
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THIRD FLOOR:
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12500 sq. ft.
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FOURTH FLOOR:
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12500 sq. ft.
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FIFTH FLOOR:
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12500 sq. ft.
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TOTAL:
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115000 sq. ft.
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Maiden Project in the satellite city of Chandigarh
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Chandigarh and surround cities of Panchkula & Mohali known for its planned development
and commercial importance
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Large inventory in the vicinity
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150 rooms capacity as well as Banqueting/Conference facilities to cater to discerning
traveler
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Amidst Industrial and commercial location
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Surrounding Area already developed for Non-polluting Industrial Belt, Commercial
activities and Technology Park
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Conveniently located
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Approx 5 KMs from Chandigarh Airport, 9 KMs from Chandigarh city centre and 1.5
KMs from Panchkula
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Easy accessibility
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Directly accessible from National Highway – 22 that connects to prominent cities
in the North including Industrial Towns of Parwanoo Baddi, Nalagrah, Ludhiana, Patiala,
Jallander…… and Hills of Kullu-Manali, Shimla.
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Layout Plan - BASEMENT
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Approx. 17,500 sq. ft for Parking and services for Hotel
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Layout Plan - GUEST ROOM FLOORS
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Second, Third, Fourth & Fifth Floors can be designed for total 25 Guest rooms and 1 Suite on each floor and services (Approx. 12,500 sq. ft. on each floor)
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Chandigarh being projected as knowledge sector with more emphasis on service industry –
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Finance, IT, Insurance, Education, Health, Hospitality etc. |
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Spurt in Hotel Room demand also attributed to development of “Rajiv Gandhi Chandigarh Technology Park”. (RGCTP)
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Retail Sector experiencing multifold increase
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Infrastructure development focused & concentrated in Zirakpur
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Multifold increase in Foreign Corporate due to Technology Park
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Chandigarh being considered for International Arrival Port as well as Charter hub for North region
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International & Domestic Corporate Segment showed 29% increase
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Domestic Tourism steadily increasing and registered
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Growth of 27.3% much above the national avg.
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| Companies in RAJIV GANDHI CHANDIGARH TECHNOLOGY PARK:
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Infosys Technology |
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Wipro |
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Tech Mahindra |
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eSys Technology |
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Bharti Airtel |
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IBM Daksh |
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Net Solutions |
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Outerbay |
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Virsa Systems |
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ICICI Prudential |
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Onicra |
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QA Infotech |
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Winshuttle |
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Taurus Agile |
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Alchemist |
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Amadeus |
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KMG Infotech, Net Solution |
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Microtek |
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IDS Infotech etc. |
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Approx. 35 registered Hotels in & around Chandigarh with (2188 beds) besides10 Guest Houses and 16 Budget Hotels |
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Average Occupancy achieved in 2005-06 is approx. 68% and expect to close around 77% during 2006-07
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Increase of 27% in Average room rate in 2005-06 over preceding year and similar jump expected in 2006-07
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Convention Centre and 150 room hotel being developed
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| Some of the Prominent Hotels are :
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Marc Royal: 48 Rooms |
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Taj: 149 Rooms |
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Mount View: 155 Rooms |
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Park View: 106 Rooms |
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Shivalik View: 108 Rooms |
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Sumbeam: 57 Rooms |
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Piccadilly: 47 Rooms |
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Aroma: 30 Rooms |
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| COMPETITION |
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11 First Class Hotels/Resorts with room capacity of approx. 790 rooms |
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3 New Projects, including convention centre, within 10 KMs expected to complete in 2007 & 2009 |
| STRENGTHS |
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Lowest Gestation Period – can be made operational within 9 to 12 months |
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No immediate competitive threat |
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Large inventory |
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High Occupancy rate of 77% already registered in nearby Hotels/Resorts |
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Close to proposed commercial hub |
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| Present Business segment being achieved in city Hotels |
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85% Corporate & MICE |
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04% Foreign Tourist |
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11% Domestic Tourist/Weekenders & others |
| Occupancy registered in city Hotels |
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68% in 2005-06 |
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77% in 2006-07 (Expected) |
| Average Room Rate - (4-star category) |
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Rs.2800 to 3200 in 2005-06 |
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Rs.3960 to 4740 in 2006-07 (expected) |
| Average Room Rate - (5-star category) |
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Rs.4690 in 2005-06 |
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Rs.5530 in 2006-07 (expected) |