In the hospitality business line, the Company presently intends to develop hotels in the luxury and up-market segments in India. It also plans to develop hotels in the mid-market and budget segments in India through the joint venture entities it has formed for this purpose. The Company has entered into and going forward intends to enter into management agreements and contracts with recognized, experienced and successful international hospitality companies for the operation and management of its hotels.

Fortune Select Metropolitan in Jaipur is a deluxe hotel under the brand name of “Fortune Select Metropolitan by WelcomGroup”. Fortune Park Hotels Limited, a subsidiary of ITC Ltd is providing operating and marketing services to us in relation to this hotel for a period of 10 years. The hotel is located on top of the Metropolitan Mall with a separate entry and exit for the hotel. The hotel has 90 rooms including six suites, a restaurant, a bar, banquet halls which can seat 150 to 200 guests, tea lounge, business center with two meeting rooms, health club, gymnasium, spa, swimming pool and party deck for open air parties.

Fortune Select Metropolitan is refreshingly different with modernity, efficiency and cleanliness of design as its hallmark.