Khulna Bangladesh Hyatt Hotel
A leading hotel and property development company will expand its presence in Dhaka with a 5-star hotel built by a local entrepreneur. Swissotel Bangladesh Limited, one of the world's largest hotel developers, has signed a contract to build the "Swissotel Dh Bangladesh" on Gulshan - Tejgaon Link Road in the capital with a capacity of 375 rooms. The five-star hotel, built by local businessman and hotel developer Abdul Hossain Khan in collaboration with local entrepreneurs, is the first hotel of its kind in Bangladesh and the second in Asia.
The Pan Pacific Sonargaon Hotel has 277 suites, Westin Dhaka has 235 and the Intercontinental Hotel, the oldest in the country, is currently undergoing renovations and is expected to reopen in February 2018. Le Meridian Bhaluka Resort and Spa, with more than 200 rooms, is scheduled to open in January 2019. The company also plans to open the first of its 375-room five-star hotels in Bangladesh in 2025.
Many of the hotel projects that are pending could be delayed by a year or more due to the coronavirus crisis, a development that will also have negative effects on the tourism industry and the country's economy. At least two hotels that were supposed to open at the end of March were unable to open. It is estimated that nearly a half-dozen hotels currently under construction will be delayed by one to two years. Bengal Group hotels are scheduled to open in 2022, but may have been delayed due to the impact of a pandemic, "said Jashim Ahmed, the company's chief executive in Bangladesh.
We built it at the cost of Tk400 crore to TK500 crore, but there is no word on when it will be operational or even when we will open it.
Completion of the project would give the hotel industry in Bangladesh a huge opportunity and a big boost, industry experts said. There are currently seven five-star hotels in the country, with just over 1,600 suites that can accommodate 2,000 guests. Bangladesh could get more star hotels in the next five years than it has in the past five decades.
International hotel chains expanding their business in Bangladesh include Marriott International, Hilton Worldwide, Hyatt Hotels & Resorts International and Starwood Hotel Group. These include Hilton, Marriott, InterContinental, Le Meridien, JW Marriott and Hilton International. International hotel chains that have expanded their business in Bangladesh include Marriott International, Hotels & Resorts, Hotel Group, Starlight Hotel and Hyatts Hotel Group.
The 250-room five-star hotel is to be built on the site of an old railway station in the Dhaka district of Chittagong, in the heart of the city. Industry officials say the bank loan was paid for by the hotel's owner, a private equity firm, and the rest came from hotel capital. The country has developed very well in recent years in terms of hotel development, according to industry representatives.
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