COMPANY GUEST HOUSE Now in a 5-Star Hotel

Company guest houses and holiday homes are an age-old concept, with mostly banks, financial institutions, insurance companies and large corporates such as pharma and IT companies opting for the same.      Earlier, the concept was ownership of the premises and thereafter gradually shifting to rentals started. Now, it is noticed that banks and MNCs are realising the high value of their real estate.      The reasons for selling these assets are simple: realise funds and go for rental. To top this, the hassle of managing the guest houses has also become difficult. With the change in lifestyles, the 'guests' are used to more attractive services like concierge, housekeeping, maintenance, cafes, TV, internet, 24-hour telephone operators and other support facilities, which only hotels can provide.      Royal Palms, with earlier expertise from its Panchgani and Mahabaleshwar hotels (1976-1989), used to rent 70 per cent of their hotel rooms to banks and corporates, which included Tata Group, HBB, Glaxo, SBI, BOI, Dena Bank, ICICI, IDBI, among others.      Now, looking at the downturn in the hotel market and going by the trend of corporates/banks looking for hassle-free guest house operations, Royal Palms has decided to introduce this ageold concept into a 5-star environment.      Royal Palms has launched its first Company Guest House scheme in its newly refurbished Palms Hotel Tower and Villa at Royal Palms, Goregaon (East).      For food and beverage facilities, the hotel will provide menus of different take-away and industrial caterers who would supply the meals based on the taste and budget of guests. Meals cost would start from as low as Rs 60. In fact, the companies will also have the option to nominate or use a caterer of their choice and for this, the hotel will not charge any service cost. By doing this, the companies can save huge costs as compared to 5-star hotels. The hotel provides a dedicated restaurant for guests to have their meals; alternatively they can eat in their rooms too. However, no cooking facility will be allowed.      The 5-star hotel guest house concept offers multi-utility facilities for company guests, clients and could also be used by corporates who have back-toback conferences and training programmes. This is possible as Palms Hotel has 245 rooms and 12 conference rooms in a newlybuilt convention centre. These could also be booked by the corporate on a daily/weekly/monthly basis.      For example, in this situation a conference could cost as low as Rs 990 per person per day with room, three meals and use of the conference hall. However, this cost and facilities are only available to companies having guest rooms in the hotel. All hotel rules and regulations are applicable as it will operate in the 5-star hotel. Also, additional taxes are applicable.      In addition, similar benefits can be made available to airline companies as well. The hotel is operational and ready-to-movein.  THE GUEST HOUSE WILL OPERATE ON THE BASIS OF CORPORATES ONLY  MINIMUM FIVE ROOMS  YEARLY BASIS  RENT FROM RS 59000/- PER MONTH ONWARDS AND WILL INCLUDE ELECTRICAL, WATER, HOUSEKEEPING, MAINTENANCE, CONCIERGE, RECEPTION, GUEST RELATIONS, INTERNET, CABLE TV, ETC.  For details, contact: 022-66457000/28794000 www.palmshotelmumbai.com Email:sales@palmshotelmumbai.com