Envisaging huge potential for future growth, chemicals manufacturer Balaji Amines has diversified into hospitality business with its maiden opening of 129 room hotel in Solapur, one of the fastest emerging business hubs in Maharashtra.
Built at an investment of Rs 100 crore, the five star hotel is first of its kind in the region and also competes with any other hotel in this segment across major cities. Named as Balaji Sarovar Premier, the hotel will be managed for 12 years by Sarovar Group, one of India’s most reputed hospitality group.
“Until now, we were purely into chemical manufacturing and export business and hence, the growth was restricted. With the opening of hotel, the growth will multiply going forward,” said D. Ram Reddy, Joint Managing Director, Balaji Amines Ltd.
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