JW Marriott Chennai explained

Hotel Name:JW Marriott Hotel Chennai
Location:India
Address:Premises No. 4288/12 & 4288/107, Block 94, MRC Nagar, Raja Annamalai Puram
Chennai, Tamil Nadu
Chain:JW Marriott
Coordinates:13.0183°N 80.2736°W
Opening Date:Never opened
Architect:CRN
Owner:Viceroy Hotels Ltd
Number Of Rooms:357
Floor Area:400,000 sq ft
Floors:16
Website:www.marriott.com

JW Marriott Chennai was a five-star luxury hotel under construction in Chennai, India. The 357-room hotel, being built at MRC Nagar on the seafront of Chennai facing the Bay of Bengal near the Adyar estuary, is being developed at a cost of 6,200 million and forms part of Marriott International Inc.[1] Initially planned to open in 2005, the project was delayed due to lack of funds and regulatory issues.

History

The hotel was planned in 1998.[2] The design consultant of the project was BBG, based in New York City. C. R. Narayana Rao (CRN) Group was the local architect and structural and civil engineers group for the project. The hotel group initially announced to start the construction of the luxury hotel, promoted by Hyderabad-based Viceroy Hotels Ltd, in late 2002 and complete the project by 2005.[3] However, construction work started in 2005 at an initial cost of 4,900 million. The project was then delayed for several reasons including obtaining permissions from the local administrative bodies.[4] [5]

By March 2011, however, the Viceroy Hotels Limited was planning to spin off the 5.6 billion (US$125 million) Chennai property, still under construction, to raise cash in order to clear its accrued debts.[4] [6] In April, the company signed an agreement with the Chennai-based Mahal Hotels.[7] In May 2013, Viceroy Hotels decided to sell the property to Ceebros Hotels Private Limited for 4,800 million.[8]

See also

External links

Notes and References

  1. News: JW Marriott Chennai to be ready by September . Hyderabad . 5 December 2009 . https://web.archive.org/web/20091208121630/http://www.hindu.com/2009/12/05/stories/2009120556421300.htm . dead . 8 December 2009 . . 8 Apr 2012.
  2. Web site: JW Marriott Hotel & Business Centre at Chennai . CRN . 8 Apr 2012.
  3. News: JW Marriott Chennai to be ready by 2005 . Chennai . 10 August 2002 . https://archive.today/20130103103218/http://articles.timesofindia.indiatimes.com/2002-08-10/india-business/27316267_1_marriott-international-marriott-executive-apartments-asia-pacific-region . dead . 3 January 2013 . . 8 Apr 2012.
  4. News: Narasimhan . T. E. . Gireesh Babu . Viceroy Hotels Chennai deal by month-end . Business Standard . Chennai . 16 December 2011 . 8 Apr 2012.
  5. News: Ravikumar . R. . Leelaventure, Viceroy hotel Chennai projects hit roadblock . The Hindu Business Line . Chennai . The Hindu . 6 November 2011 . 30 Dec 2011.
  6. News: India's Viceroy Hotels puts JW Marriott Chennai up for sale . hospemag.com . 30 March 2011 . 8 Apr 2012.
  7. News: Kumar . V. Rishi . Viceroy Hotels to exit Chennai project . Business Line . Hyderabad . The Hindu . 17 April 2012 . 20 Apr 2012.
  8. News: Kumar . V. Rishi . Viceroy Hotels to sell Chennai properties for Rs 480 cr . Business Line . Chennai . The Hindu . 8 May 2013 . 15 May 2013.