Kozhikode-based Kerala Land Reforms and Development Cooperative Society will construct a 73-room uber-luxury five star hotel at an investment of Rs 75 crore near Sulthan Bathery, Wayanad. The project will come up in 4.05 acres purchased by the society. This is the first time ever in the history of the cooperative movement in Kerala that a cooperative society has entered the hospitality sector, reports Times of India.
The hotel will cater to the premium luxury segment and will have ‘five-star deluxe’ classification with average development cost per room estimated at Rs 1 crore.
A source is quoted saying the work on the project, would start in January 2018 and the hotel would be opened by January 2020.