Guwahati, March 9 The Polo Hotels Group announced on Monday that the hospitality firm will invest ₹103 crore to develop its first luxury property in Assam.
It will construct a five-star hotel with 100 rooms in Silchar, in the Cachar district, making it the first such property in the Barak Valley, the company said in a statement.
"The Assam cabinet has approved the development of Silchar's first five-star hotel, to be built by the Polo Hotels Group with an investment of approximately ₹103 crore. This announcement marks a significant step towards strengthening the tourism, business, and events ecosystem of the Barak Valley," it said.
The project will introduce "international-standard luxury hospitality infrastructure to the Barak Valley for the first time," the statement said.
The proposed hotel will feature 100 premium rooms and suites, designed to meet global hospitality benchmarks while reflecting the cultural character of the Barak Valley, it said.
"This project is not just about building a hotel, it is about enabling the next phase of growth for the Barak Valley," said Polo Hotels Group CEO Deval Tibrewalla.
The Silchar hotel, along with its expanding pipeline across the region, reflects the Polo Hotel Group's long-term commitment to building the largest hospitality platform in the northeast, he said.
Last month, the Assam cabinet had approved the grant of customized incentives and facilitative support to Hotel Polo Towers Ltd for setting up a 100-room, five-star hotel at Silchar with a total investment of ₹103.92 crore.