Chototel UK based startup to bring Rs.100 per day hotel stay in India
Chototel started constructing 240room budget hotel in Nagothane (Mumbai) that can handle 1000 guest with uninterrupted services.
Uk Based Startup Chototel, is working on budget hotels in India. It has started its project in Nagothane to setup a hotel that would cost around Rs.100 approx per day. As per the rate charts it is $2 per day with proper infrastructure for an individual. It also aims to keep the ambience healthy by setting up a garden and a community kitchen for affordable food. 240 rooms will be the first project at initial stage for Chototel to starts its operation in India.
Chototel has planned to expand its operation and setup hotels in other cities like Gujarat, Chakan and Goa. According to the news release the startup aims to setup at least 100,000 rooms in the next 5 years and has started acquiring land. The startup targets professionals and industrial workers, who can afford to stay at a reasonable price. Low tariff does not means that the rooms will lack major facilities linked with clean water and electricity.
The startup aims to use an innovative business model to establish people’s hotel. Budget stay will help many to have a reasonable housing instead of staying homeless. Ideally for workers and professionals who want an affordable temporary stay, no longer need to rely on expensive hotel bookings.
Comments from Chairman and MD:
“India’s diversified economy and robust growth prospects make it the most attractive location globally to set up our first project. We believe that policy-makers will take effective action to enhance the country’s economic strength and, in turn, the financial strength over coming years. With inflation under control and the economy benefiting from lower commodity prices, demand for low-cost service products can only go up” Comment by Chris Phillips, Chairman
“The Chototel project is a technological super machine. We use innovative technologies to build, operate and manage in a way that encourages sustainable and environmentally responsible behavior. We are committed to making India the cornerstone of our market entry strategy. Subject to the success of our early steps we are planning to build 100,000 rooms in the next few years in India and would welcome support from regional governments.” Comment by Rhea Silva, Managing Director
- Chototel is bringing Rs.100 per day stay hotel in India. Starting its operating from Mumbai- Nagothane, the first 240 room project wills the beginning.
- Later it is going to expand the service in other cities across India like Gujarat, Chakan and Goa.