It has a 240 room set up in Nagothane, an industrial town, 70 kilometres south of Mumbai. It can cater to 1,000 guests. The rooms are as cheap as Rs 200 332 (USD 3 5) per day.Terming it as a ‘social business’, Chototel’s Managing Director and Founder Rhea Silva says that it is «a business which serves the masses.» Silva also has plans to tie up with corporates for short stays for their employees.Why is competition with established brands not a concern?Budget hotels need not be too worried about competition from bigger counterparts.
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