May 31, 2009

Riverbank Developers, IHG to set up hotel in Batanagar

MUMBAI:Riverbank Developers has signed on Intercontinental Hotels Group (IHG) to run the proposed hotel and serviced apartment facility at its Batanagar township project in West Bengal. As part of the initial 15 year deal between Riverbank and IHG, the hotel at Batanagar will be branded under the Crowne Plaza Hotels & Resorts brand and will have 200 rooms and 75 apartments.

Bata India plans to fast track the completion of Batanagar Township project worth Rs 1300 crore. The township project being developed on 262 acre is promoted by Riverbank Developers, a 50:50 JV between Bata India and Calcutta Metropolitan Group. While the Phase I of the project is slated to be completed in 2011, the whole township is expected to be completed by 2013.

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