MAK Hotels & Resorts, Hyderabad has announced the launch of a new brand of hotels called Blue Lotus. The brand will operate in budget, business, boutique and luxury segments. According to the chairman of the group, Murali Krishna Reddy, "We have a budget of Rs 300 crore for the next five years. We are primarily looking to build business class and budget hotels."
He added, "For this purpose, land has been already brought in Chennai, Nagpur and Mysore. Our focus is Hyderabad, Chennai, Bangalore, Mysore, Nagpur and Pune. The first hotel will come up in two years. The target is to build five hotels in five years. All the hotels will be built and operated by us unlike the BOT route."
Apart from this venture, the MAK group is also coming up with a 250-room business hotel, a service apartment and a retail mall near Hi-Tec city in Hyderabad. This is expected to open by the end of 2009. The group is also the franchisee for a five-star luxury hotel in Hyderabad.
