Bangalore-based Nitesh Estates has entered the hospitality segment with the opening of India’s first Ritz-Carlton hotel in the IT capital of India. The 277 room luxury hotel was built at a cost of Rs 750 crore, the company said.
Ashwini Kumar, Executive Director and Chief Operating Officer, Nitesh Estates, said in a statement that the company is delighted that the Ritz-Carlton, an iconic brand symbolising luxury, enters the Indian market with it.
Nitesh Estates has always opted for tie-ups with best brands globally and we are proud to bring this brand to India, he added.