Friday, March 30, 2007

Hotels needed

I know; i was there and found not much....only the $500/night Sheraton.  Wierd to pay that much amidst people living on $2 a day, while in 1st world citys w/ $100k incomes, you only pay 1/2 that...

nonetheless, time approaching for India

 

Hospitality is one red-hot area into which an estimated $2 billion is likely to be pumped over the next three years, the bulk of it through private-equity funds. Many funds are allocating as much as 50% of their planned real-estate investments into the sector, as hospitality remains highly under-serviced, with a huge demand-supply imbalance.

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