Investment worth Rs 1500 crore planned by Sincere Developers for development of hotels
Commercial real estate developer Sincere Developers is planning to invest over Rs 1500 crore in the luxury hospitality sector. The investment would go into the opening of new hotels in Agra and Udaipur besides Goa and Rishikesh.
The firm said that they are in talks with Marriott International and are exploring possibilities for the Ritz Carlton or the St Regis brand for our second luxury hotel in Agra that is likely to come up in the next three years. The developer is also planning to build a 180-room hotel and are planning to invest around Rs 600 crore.
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