Radha Hotels enters luxury segment with Feathers – Feedback

Radha Group of Hotels, which has three budget hotels in Chennai and Bengaluru, has launched a luxury hotel Feathers in the western part of Chennai.

The 186-room hotel has come up on 3.6 acres near the Chennai Trade Centre. Feathers hopes to tap into the lack of luxury hotels in the area, which is close to the industrial corridors of Sriperumbudur and Oragadam. “Though there are domestic and international players, the expanding Chennai market has space for more players,” said R Srinivasan, Promoter and Managing Director of the group. He said the company’s better financial management also gave the confidence to venture into luxury hotel space. “We have been a debt-free group so far. Our hotels in Chennai and Bengaluru are doing well with good occupancy ratio,” he added. The company has funded this project with Rs. 111 crore debt and own funds.

http://www.thehindubusinessline.com/todays-paper/tp-news/radha-hotels-enters-luxury-segment-with-feathers/article9000204.ece

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