200 crore investment made by Jackson Group
The Jackson Group which happens to be to a leading power solutions provider is now foraying into the sector of hospitality by making an investment worth Rupees 200 crore in the first phase the upcoming few years.
Sandeep Talaulicar who is the Managing Director of Jackson Hospitality told the Business Line once that in order to reach their facilities of production, there are several industrialists who have to travel around 20 to 40 km from their urban centres. In order to make the travel time shorter, there will be business class hotels also established. 20 such hotels will be planned under the Jackson Inns brand around the industrial hubs by the year 2020.
The first of the two three star properties of Jackson will be operated in the Satara district of Maharashtra at Phaltan in the month of July. Work will begin very soon on the second Phaltan property. Three or four hotels will be established in the industrial hubs of Gujarat.
Around 40 crore has been invested on the first property at Phaltan. 80 rooms shall be established here. In the other Sanand hotel, there will be about a 100 rooms. Each of the Jackson inn property will be having around a 100 rooms.
Source – Our Bureau
investment worth Rupees 200 crore in the first phase, Jackson Group, Jackson Group made investment of 200 crore
