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The Greenwood Accommodations and Resorts Group on Tuesday introduced that it’s going to make investments Rs 500 crore to roll out hospitality initiatives throughout Northeast over the following 10 years.

The corporate has launched its newest property ‘The Greenwood Guwahati’ within the enterprise section right here at an funding of Rs 100 crore.

“Regardless of being a gateway to Northeast India and a significant commerce centre, Guwahati lacks enough worldwide degree hospitality choices for enterprise and commerce necessities. We are attempting to handle this want hole,” The Greenwood Group managing director Himanshu Kalita mentioned in an announcement.

‘The Greenwood Guwahati’ will contribute considerably in offering higher hospitality infrastructure and subsequently bolster the financial growth of the whole Northeastern area, he added.

This new property is provided with 48 luxurious rooms, assembly services, gymnasium, spa and swimming pool.

The hospitality agency additionally introduced plans to develop its operations throughout the area by establishing new properties.

“The Group is passionate about broadening its presence throughout all eight states of Northeast India with a considerable funding of Rs 500 crore over the following 10 years,” it added.

The corporate, nonetheless, didn’t share particulars like the full variety of motels or the precise areas.

The Greenwood Group already manages two properties — The Greenwood Resort, Guwahati, which caters to the leisure and resort section and ‘The Greenwood, Tezpur’, which is a boutique resort.

“With the expertise of 10 years within the hospitality trade since 2013, The Greenwood Group aspires to capitalise the developments attracting entrepreneurs, traders and trade leaders from throughout the nation and the globe,” the assertion mentioned.