MRG to invest 2100 corers to expand in Hospitality

(courtesy: Dhanakaryam – Mathrubhumi, Kerala dt.28/7/08)

MRG Hospitality Infrastructure Pvt ltd, will invest 30 croers in Kochi to set up a multi cuisine restaurant near Le meridian Kochi. MRG has already acquired the land for constructing the restaurant.

Part of Prakash Shetty Group, MRG hospitality is further planning to invest 2100 croers as part of their expansion plans in south India and Goa. By 2010 the group is expected to add 1000 rooms, according to Mr.Prakash Shetty Chairman of the group. The group is planning to open restaurants in Bangalore, Mysore, Kochi, Shimoga, Nagpur & Mumbai.

The other major plan is to set up a 5 start hotel in Bangalore near Hebbal Lake.