By 2012, Patna will get the symbol of a happening city, a five-star hotel. The Bihar Cabinet is slated to clear a public-private project (PPP) to allow Holiday Inn, with its local franchisee, the Amrapali Group, to build the property. The nine-floor property will have 123 rooms (including seven luxury suites). It will have two restaurants, one restaurant with bar, 24-hour coffee shop, gymnasium, swimming pool on its third floor and three ballrooms with a seating capacity of 400 each.
The Holiday Inn proposal will give the Bihar State Tourism Development Corporation (BSTDC) a revenue of Rs 2.5 crore every month. The Hyatt and the Taj Group were the other two bidders. The hotel will be built by razing the 1.2 acre office-cum-tourist bungalow of BSTDC on the Beer Chand Patel Road of Patna. In July last year, the Bihar Cabinet approved a new tourism policy under which investors would be entitled to benefits similar to what entreprenuers get for setting up the industry under the Bihar Industrial Policy 2006: This means investors in the tourism sector would get rebate in land registration, electricity consumption, luxury tax for seven years, besides several other .