Varun group has acquired Taj Gateway Hotel on beach road in Vizag from Oriental Hotels Limited, a subsidiary of the Indian Hotels Company Limited (IHCL). The company paid Rs120 crore for the acquisition. Varun Group Chairman V Prabhu Kishore said that the company will partner with IHCL, which will manage Taj Gateway for it. A five-star hotel in Vijayawada is under construction by Varun Group and will be ready by Nov or Dec 2018.
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