Hilton, NG Group to develop five-star Indian hotel

23rd November 2011 (Last Updated November 23rd, 2011 18:30)

Hilton Hotels & Resorts is to develop a hotel in Ahmedabad, India.

Hilton Hotels & Resorts is to develop a hotel in Ahmedabad, India.

Ahmedabad-based real estate developers NG Group will invest Rs250 crore ($47m) in working with Hilton in setting up a 22-storey, five-star property at the site of the closed Gallops Mall on SG Highway, according to dnaindia.com.

Under the proposal, the hotel will have 240 rooms and will be financed by internal accruals.