The hotel is to be built at a whopping Rs.60,085.15 per sq m.
Metropolis Hotels is a joint venture company owned by Pune-based Avinash Bhosale Group (ABIL), engaged in the business of hospitality and real estate and infrastructure and Sun-n-Sand.
?We are jubilant at this success and plan to bring in a wellknown international brand to run the proposed 500-room hotel, expected to be completed in three years,? Bhosale said.
The plot is strategically located at a distance of just 6 km from the new proposed international airport and approximately the same distance from the Trans-Harbour Link connecting South Mumbai to Navi Mumbai. The site has access to CIDCO's golf course.
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Pune Metropolis Hotels is a joint venture company owned by Pune-based Avinash Bhosale Group (ABIL), City-based Metropolis Hotels has bagged a contract to build Navi Mumbai's first five-star hotel.