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The hotel's interiors have bee completely
renovated but the exteriors have been left untouched.
Sahara Star will have a circular design with guest rooms
facing the inner courtyard. Landscaped gardens are located
inside the hotel with guest rooms being sound proofed,
considering its proximity to the airport.
Sahara group decided acquire a hotel near the airport
in Mumbai as it was considered necessary to have a hub
for tourists in Mumbai and Amby Valley, and the firm's
hill station near Lonavla in Maharashtra.
Sahara decided to acquire Airport Centaur because it
was under a lease of 25 years, while other hotels that
it were eyeing were on freehold land, say industry sources.
The Airport Centaur was mired in controversy over valuation
of the property. The sale of the Airport Centaur was
done in 2002
The two Centaur hotels, Airport Centaur and Juhu Centaur,
belonged to the Hotel Corporation of India (HCI), the
wholly-owned subsidiary of Air India. HCI sold government-owned
Airport Centaur Hotel in June 2002 to Batra Hospitality
for Rs 83 crore.
The 300-room hotel on a 30,000-square-metre plot was
resold to the Sahara group in four months for a sum
of Rs 115 crore. In November 2002, the property was
renamed Sahara Hospitality.
Juhu Centaur was sold to Ajit Kerkar's Tulip Star Hotels
in March 2002 for Rs 153 crore.
(Rs.40= $1 appx)
Source: http://economictimes.indiatimes.com
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