When ‘Disco Dancer’ Mithun Chakraborty abandoned Bollywood at the height of his career, he shocked the fraternity and fans by announcing that he was opening a hotel in Ooty.
But the move proved so successful that Mithun is now planning to make a comeback in Mumbai with the next hotel in the Monarch chain of hotels.
According to sources, the actor-turned-hotelier has bought a huge piece of land in Andheri (East) at a whopping Rs 85 crore.
According to sources, Mithun bought the land in Mogra Village, Andheri (E) from Gurnam Developers. When contacted, Mithun was reluctant to speak about the deal or the price. But he did admit that he was on the verge of finalising a land deal to set up a hotel in Andheri (East).
“I have paid an advance to the owner of the property. I have also placed an ad in newspapers to find out if there are any claims to the property. If there are, the deal will fall through,” said Mithun. He confirmed that once the deal came through in every sense, he would set up a hotel for business class travellers and families.
The hotel, like his other three in Madurai, Coimbatore and Ooty, will also be named Monarch. “Monarch is a brand of the Howard Johnson Group, USA, and I am the sole franchisee in India, said Mithun.
For Mithun, the deal is considered very important as he intends to go public in the days to come. “The reason I selected Mumbai for my next hotel is because I want to grow as a businessman. Building this business class, family hotel in Mumbai is one step towards my goal,” he said.
Hotel Boom
Mithun is not the only one planning a 5-star hotel in Mumbai. According to sources, Pune’s Pride Group of Hotels is also scouting around for a plot between Andheri and Malad.
The group intends to start a 120-room 5-star hotel by 2008. Sources say that the Taj Group has also drawn up a plan to construct a 200-room hotel on a plot near Santacruz airport.
Courtesy : Mumbai Mirror
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