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The Hindu

National

Deepa H. Ramakrishnan

Crowne Plaza is not for sale, says management

Crowne Plaza Hindu

Hotel Crowne Plaza Chennai Adyar Park, located on TTK Road, is not up for sale. Silencing rumours about sale of the 287-room property as real estate, Manish Goyal, Joint Managing Director of Adyar Gate Hotels Ltd. that owns the hotel told The Hindu that they had certain financial constraints because of COVID- 19 pandemic and those have now been set right.

The management had been in discussion with some strategic investors for this purpose and when the word went around in the market, others too came up with proposals. “Neither sale nor demolition of the hotel was ever considered by the owners”, a source close to the owners said.

The group has three properties in Tamil Nadu – The Crowne Plaza Chennai Adyar Park, Intercontinental at Mamallapuram and Fortune Resort Sullivan Court in Udhagamandalam.

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