US-based Pacifica Companies to build another five 5 star hotel in Gujarat India
Below is a MRR and PLR article in category Finance -> subcategory Real Estate.
US-Based Pacifica Companies to Develop New Five-Star Hotel in Gujarat, India
Summary:
Pacifica Companies, known for its luxurious Courtyard by Marriott in Ahmedabad, is expanding its hotel portfolio in major Indian cities like Delhi, Chennai, Hyderabad, Bangalore, and Pune.
Key Features:
- Five-star hotel construction in Ahmedabad
- Significant investment on SG Highway
- Renowned global brand collaborations
Article:
San Diego-based Pacifica Companies, founded by Ashok (Ash) Israni in 1978, is planning to develop a second five-star hotel in Ahmedabad, Gujarat, India. This follows their first hotel project in the area, poised to become the largest five-star hotel in city, set to open soon.
The new luxury hotel will be strategically located along the Sarkhej-Gandhinagar (SG) Highway, a burgeoning corporate hub. The project is expected to involve an investment of Rs. 1.5-2 billion. Recently, Pacifica acquired the land, previously owned by the Tourism Corporation of Gujarat Ltd (TCGL), with a successful bid of Rs. 240 million.
While the land should be used solely for tourism-related projects, there were initial discussions about possibly developing a mall. However, plans were confirmed for a premium hotel in collaboration with major international brands such as Marriott, Best Western, and Hilton, all part of Pacifica's extensive portfolio which includes over 30 properties across the United States.
The upcoming hotel will feature more than 160 rooms, enhancing the hospitality landscape in Ahmedabad. Its location offers excellent connectivity to residential, retail, and institutional spaces, making it a prime spot for business and leisure travelers alike.
TCGL's property sale is part of a broader strategy to focus solely on tourism development in Gujarat. The corporation has already sold eight properties and is actively working on selling 12 more, including the Chorwad beach resort in Junagadh district.
With assets nearing $2 billion, Pacifica Companies continues to grow through its hotel management division, Pacifica Hosts Inc., which oversees more than 30 hotels, including a major 600-room property near Los Angeles International Airport.
For more details on Pacifica's projects in India, visit their [official website](http://hotels-projects-india.pacificacompanies.co.in/hotels.php).
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