GMR Hyderabad International Airport Limited (GHIAL) has inked a deal with Singapore’s Accor Hotels to build a business hotel for the up coming Shamshabad airport in Hyderabad. As per the deal, GHIAL will construct the hotel (at a distance of just 2.7 kms from the airport) and its Singapore partner will take care of the operations, management and maintenance. The lease of the agreement is for a period of ten years (might be extended later) and the airport project is expected to take off by March 2008.
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Source : IIPM Editorial, 2006
An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative
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