CHOTOTEL PICKS INDIA FOR ITS PILOT “SUPER-BUDGET” HOTEL CONCEPT
New accommodation concept will offer rooms from just US$1.50 per night. The hotel is being constructed in Nagothane, an industrial town 70km south of Mumbai and situated on the new Mumbai-Goa expressway. The 240-room development is spread across 6070m² of land, and the project is estimated to cost INR 175 million (US$2.6m) to build. Room rates will start at INR 100 (approx. US$1.50) per night. Chototel is also acquiring land in Chakan, Goa and Gujarat for its next round of projects in India. The company aims to build 100,000 rooms in the next five years along the Mumbai-Pune-Goa corridor. Chototel states that its mission is to provide “budget-friendly accommodation with uninterrupted utilities, clean, potable water and social infrastructure to create unparalleled economic, social and environmental impact”.
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