LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Marriott launches first Indian beach resort near Chennai

For Marriott International, Sheraton Grand Chennai Resort & Spa is the first beach resort property under its Sheraton Grand brand.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Marriott launches first Indian beach resort near Chennai
Launching the new 125-room Sheraton Grand Chennai Resort & Spa on the ECR stretch up to Puducherry, Image source:Reuters
Written By: IANS
Updated: Wed, Aug 22, 2018
12:07 pm
Chennai, IANS
RELATED NEWS
Assembly polls dates declared: Check full schedule for West Bengal, Tamil Nadu, Kerala, Assam and Puducherry elections here Assembly polls dates declared: Check full schedule for West Bengal, Tamil Nadu, Kerala, Assam and Puducherry elections here
Assembly Election Dates 2021 Announced - 5 noteworthy changes by Election Commission for polls in 4 states and 1 UT - West Bengal, Tamil Nadu, Assam, Kerala and Puducherry Assembly Election Dates 2021 Announced - 5 noteworthy changes by Election Commission for polls in 4 states and 1 UT - West Bengal, Tamil Nadu, Assam, Kerala and Puducherry
Assembly election dates HIGHLIGHTS: Assam, West Bengal, Tamil Nadu, Kerala and Puducherry Assembly election dates HIGHLIGHTS: Assam, West Bengal, Tamil Nadu, Kerala and Puducherry
Cyclone Nivar to intensify into very severe storm by this time today - Top 15 things to know for Tamil Nadu and Puducherry residents Cyclone Nivar to intensify into very severe storm by this time today - Top 15 things to know for Tamil Nadu and Puducherry residents
Cyclone Nivar Latest News Alert! IMPORTANT heavy rainfall message for Chennai, Tamil Nadu, Puducherry Cyclone Nivar Latest News Alert! IMPORTANT heavy rainfall message for Chennai, Tamil Nadu, Puducherry

American hospitality major Marriott International sees good market potential for beach resorts on the East Coast Road (ECR) here from the leisure, corporate and wedding segments despite the existence of 750 rooms on the stretch, said a senior official on Tuesday.

Launching the new 125-room Sheraton Grand Chennai Resort & Spa near here, Shibil Malik, General Manager, said there is room for more rooms under the beach resort category on the ECR stretch up to Puducherry.

According to him the resorts on the ECR at an average have an occupancy of about 63 per cent.

For Marriott International, Sheraton Grand Chennai Resort & Spa is the first beach resort property under its Sheraton Grand brand.

"Our pricing is 15-20 per cent higher than that of competing properties like Fishermen`s Cove (Taj Group), Intercontinental Chennai Mahabalipuram Resort and Radisson Blu Temple Bay Resort," Malik added.

According to Amarnath Reddy, Managing Director and the property owner, a sum of Rs 200 crore has gone into the hotel.

Watch Zee Business video here:

Reddy said he is also looking at putting up another resort property on the ECR or a boutique hotel in the city.

For Mariott International, this will be second resort property near here. The first one is the Four Points by Sheraton formerly known as Confluence Banquets and Resorts.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
PuducherryMarriott International
RELATED NEWS
Assembly polls dates declared: Check full schedule for West Bengal, Tamil Nadu, Kerala, Assam and Puducherry elections here Assembly polls dates declared: Check full schedule for West Bengal, Tamil Nadu, Kerala, Assam and Puducherry elections here
Assembly Election Dates 2021 Announced - 5 noteworthy changes by Election Commission for polls in 4 states and 1 UT - West Bengal, Tamil Nadu, Assam, Kerala and Puducherry Assembly Election Dates 2021 Announced - 5 noteworthy changes by Election Commission for polls in 4 states and 1 UT - West Bengal, Tamil Nadu, Assam, Kerala and Puducherry
Assembly election dates HIGHLIGHTS: Assam, West Bengal, Tamil Nadu, Kerala and Puducherry Assembly election dates HIGHLIGHTS: Assam, West Bengal, Tamil Nadu, Kerala and Puducherry
Cyclone Nivar to intensify into very severe storm by this time today - Top 15 things to know for Tamil Nadu and Puducherry residents Cyclone Nivar to intensify into very severe storm by this time today - Top 15 things to know for Tamil Nadu and Puducherry residents
Cyclone Nivar Latest News Alert! IMPORTANT heavy rainfall message for Chennai, Tamil Nadu, Puducherry Cyclone Nivar Latest News Alert! IMPORTANT heavy rainfall message for Chennai, Tamil Nadu, Puducherry

LATEST NEWS

Aadhaar card-based driving licence service: Check step by step guide to renew your driving licence online without going to RTO

7th Pay Commission: Central Government Employees' Dearness Allowance (DA) to become 25 pct from April 2021?

Indian economy outlook 2021: This is why FY 2021 GDP performance will be better than projection—Finance Ministry EXPLAINS

Airbag for front-seat passenger made mandatory from THIS date

7th Pay Commission Latest News: Central government employees' alert! one mistake could cost you your LTC claim—check report

Trinamool candidate list 2021: Over 20 MLAs, ministers dropped from TMC candidacy for upcoming Assembly polls

JEE Main 2021 registration last date for March session closes tomorrow! Check exam dates, how to apply, admit cards and all other details

Trinamool candidate list West Bengal Election 2021: TMC chief Mamata Banerjee announces candidates for 291 seats, to contest from Nandigram; See FULL LIST

NEET 2021 exam: Check here the latest update on dates and all you need to know for registration before appearing in the test

HPCL Recruitment 2021: 200 jobs on offer with pay up to Rs 15.17 LPA; check age limit, how to apply, qualifications, fee and other details

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved