Following is an excerpt from a report in Business Standard.

IMRS Hospitality Private Limited will spend approximately Rs 100 crore as a part of its expansion strategy to consolidate its position in the eastern region.

The company will set up five ’boutique hotels’ in the eastern region, with 40 rooms, offering facilities equivalent to a four star hotel.

Arindam Chokroborty, director of IMRS said, "We are looking at coming up with boutique hotels with 40 rooms in the eastern region with similar facilities that match the four star hotels. We have already started acquiring land in Rajarhat."

The projects have been lined up for West Bengal, Jharkhand and Orissa and the approximate investment incurred will be around Rs 20- Rs 25 crore each, and is expected to be operational by the second quarter of 2009-10.