Chennai : Senior industry officials stated that a few five-star hotels in the surrounding areas will gain from the upcoming closure of the 287-room Crowne Plaza Chennai Adyar Park, a five-star hotel located in the center of the city.
Adyar Gate Hotels Ltd is the owner of the Crowne Plaza Chennai Adyar Park property, which is managed by InterContinental Hotels Group (IHG), a global brand of hotels.
Beginning on December 20, the hotel will no longer be able to accommodate guests due to the owners’ intention to renovate the property.
Actually, IHG investigated the Chennai hotel market using its Crowne Plaza brand for the Adyar Gate Hotels establishment.
ITC had previously been in charge of the site. The hotel’s name was Sheraton Park Hotel and Towers.
The Fortune Sullivan Hotel in Ooty and the InterContinental Chennai Mahabalipuram Resort, a beach resort, are also owned by Adyar Gate Hotels.
In response to Crowne Plaza’s closing, Revathi, Director of UGO Hospitality, a hospitality consulting firm, said, “There are a good number of star hotels near and they can easily absorb the additional business.”
About 1,500 five-star hotel rooms are located in the Teynampet, Anna Salai, T. Nagar belt, which is closer to Crowne Plaza, according to her.
The properties can easily handle the extra business that would arise from Crowne Plaza closing because they are now operating at 75–80 % occupancy.
The CEO and founder of Crossway Hotels and Resorts, Yangya Prakash Chandran, told IANS that “there are several hotels in the same category nearby and they will benefit.”
The Hyatt Regency, Marriott, GRT Grand, Raintree, Novotel, The Leela Palace, Welcomhotel, Savera, and more star hotels are located in the vicinity.
According to Ruban Das, general manager of the Hyatt Regency Chennai, “the Chennai hotel market can be classified into four segments – properties located in the Central Business District, OMR, ECR, and the Guindy belt.” Das made this statement to IANS.
Additionally, all of the hotels in the belt are doing well financially. Weekend business at the beach resorts along the East Coast Road (ECR) is growing, while the hotels along the Old Mahabalipuram Road (OMR), which runs parallel to it, are experiencing moderate development due to the construction of the metro rail.
According to a senior industry executive who spoke with IANS, hotels in the Central economic District are experiencing moderate development, whilst those in the Guindy belt are seeing excellent economic growth.
“We’ve returned to our pre-Covid status. We are receiving visitors as a result of the several new industrial initiatives that are underway. The 325-room, nine-floor Hyatt Regency Chennai is led by Das, who stated that corporate travel has returned to normal.
Das states that the remaining rooms on the three floors will be refurbished in the upcoming fiscal year, once the rooms on the six floors have been fully renovated.
Regular food festivals are hosted by city hotels, and the Hyatt Regency Chennai is now featuring Hakka cuisine, led by Chef Katherine Chung.
According to Das, 2023 could be termed as the year of consolidation for the industry in the city as no new property has come up.
