Crowne Plaza, one of Chennai’s popular 5-star hotels, is witnessing its closure. The management informed that the hotel will be closed on December 20. The hotel is said to be bought by a construction company, Bhashyam, who plans to demolish the hotel and build high-end apartments on the site.
“It is with a heavy heart that we inform our customers that Crowne Plaza Hotel will cease its services with effect from December 20. Customer service will be provided till Dec 20. For the past 38 years, this hotel has been providing excellent customer service. We would like to take this moment to express our gratitude to all the customers,” said the hotel management.
Crowne Plaza Alwarpet is located on TDK Road. This 8 storied hotel has a total of 283 rooms. A day’s rent is charged from Rs.10 thousand. The 38-year-old hotel was built by businessman DD Vasu. Initially it was called Adyar Gate Hotel. Within a few years of its opening, the Goyal family, who were involved in textile exports, bought the hotel.
The hotel was later renamed ParkSheraton and Adyar Towers. In 2015, the hotel was renamed as Crowne Plaza. Two years ago, construction company Zeebros made a bid to buy the hotel. However, the agreement did not materialize. In this case, Bhashyam Company is going to buy this hotel. Due to this, this hotel will be closed on December 20.
Bhashyam Group, which is buying the hotel, plans to build twin towers here with 130 apartments ranging in size from 5,000 to 7,000 sq ft, and the apartments are said to be priced between Rs 50,000 per sq ft. This means that the price of an apartment is expected to be between Rs.15 crore and Rs.21 crore.
Source: India Posts English