Soccer146;s the future

Beyond tech corridor

Surging hotel prices in the tech belt has the Bangalore-based hospitality baron C K Baljee on his feet, all ready to cash in on the good times. After re-christening his hotel chain as Royal Orchid, Baljee is now busy stitching together a plan to double capacity to over 1,000 rooms in the next 2-3 years at an investment of Rs 250 crore. He will be using a combination of funding instruments to mobilize the required funds. Baljee is also busy buying property. He has bought a controlling stake in a 55-room resort in Bangalore and plans to add another 100 rooms to the property along with a large conferencing facility that can handle at least 750-1,000 people. The tycoon seems focused on business travelers and will be exploring both the three- and five-star segments.

Baljee is, of course, in no mood to restrict himself to Bangalore. He is looking for local partners in Hyderabad, Pune, Mumbai and Delhi to take the brand to these cities. But will the Baljee magic travel? The tycoon8217;s test may be coming up soon, in that department. dilipcherianhotmail.com

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