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Time of India

Panaji Residency: Rs 22L curtains offered for ‘posh' Delta guests

Panaji: Delta Corp Ltd, which had a corporate tie-up with the Goa Tourism Development Corporation (GTDC) for Panaji Residency until March 31, approached the corporation to renew the contract. Delta Corp assured the GTDC of consistent occupancy with an approximate payout of Rs 3 crore per year. Delta Corp said that it could utilise a minimum of 6,000 room nights per year at Panaji Residency, translating to Rs 30 lakh of turnover per month. The GTDC's board agreed to renew the corporate tie-up. The GTDC had executed a MoU with Delta Corp Ltd for the period from April 1, 2022, to March 31, 2025. Given that Delta Corp will bring in 'high profile guests', an inspection of the GTDC-owned property found that the curtains need replacement. The GTDC offered to replace the curtains in 45 rooms at the Panaji Residency at a cost of Rs 22 lakh. Delta Corp operates four offshore casinos in the Mandovi under the Deltin brand. The GTDC's Panaji Residency is a stone's throw from the Captain of Ports jetty, where the casinos have offices. 'It is important to maintain high standards of aesthetics to match the expectations of the high profile guests who are staying through the corporate tie-up of Delta Corp Ltd, which is generating assured revenue and occupancy at the Panaji Residency. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Switch to UnionBank Rewards Card UnionBank Credit Card Apply Now Undo The financial implication is Rs 22 lakh, excluding GST,' said the note submitted to the board. The GTDC, which has Ganesh Gaonkar as the chairman, asked the Goa Handicrafts Rural & Small Scale Industries Development Corporation (GHRSSIDC) to provide rates from empanelled vendors to replace the old curtains and curtain tracks with new ones in 45 rooms. The board agreed to place the order with the GHRSSIDC, a govt-backed body. Pravin Arlekar is the GHRSSIDC chairman. Panaji Residency recently underwent an upgrade, with rooms being painted and fresh wallpaper being fixed.