New Delhi-based Parsvnath Developers Ltd and Dubai-based Phoenix Group Global will develop one five-star hotel each in Ahmedabad. Parsvnath Hotels Limited, a subsidiary of PDL, will construct its hotel in the city’s Vejalpur area, while Phoenix, a multinational conglomerate with interests in hospitality and real estate, is planning to its own on the outskirts of Ahmedabad.

With an offering of 152 rooms and suites, Parsvnath’s hotel will be a judicious blend of hotel and commercial segment offering 24-hour coffee shop, multi-cuisine and specialty restaurants, conference rooms, business centre and a few boutique stores.

The Phoenix hotel, spread over nearly 2.5 acres, will have 160 rooms. The total investment may be something between Rs. 175 crores and Rs. 200 crores, according to Aditya Kamani, director. This group recently launched its first five-star hotel project under the brand Zuri Hotels and Resorts in Bangalore.