Foundation stone laid for five-star Hyatt hotel in Vizag with ₹250 crore investment

Tourism Minister Kandula Durgesh and Bheemunipatnam MLA Ganta Srinivasa Rao laid the foundation stone for a five-star Hyatt hotel near Sagar Nagar on the Yendada stretch in Visakhapatnam on Saturday, March 21, 2026. The hotel will be built on three acres with an investment of around ₹250 crore and is expected to be completed within two years.

On Saturday, March 21, 2026, Tourism Minister Kandula Durgesh and Bheemunipatnam MLA Ganta Srinivasa Rao laid the foundation stone for a five-star Hyatt hotel near Sagar Nagar on the Yendada stretch in Visakhapatnam. The hotel will be constructed on three acres of land with an investment of around ₹250 crore. The project is expected to be completed within two years. This development is set to boost tourism and create jobs in the region, according to reports.

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Visakhapatnam District Collector M. Abhishikth Kishore has asked officials to prepare a detailed action plan for the proposed Bay City Project in the Visakha Economic Region.

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Chief Minister Yogi Adityanath inaugurated 184 projects and laid the foundation stone for 141 others worth a total of Rs 2,131 crore in Saharanpur district on Thursday. He highlighted the shift from past unrest to current development.

Chief Minister D.K. Shivakumar met more than 200 Global Capability Centre leaders on Wednesday and pledged to attract 500 new centres to the state by 2029.

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At the House of Peoples' Representatives' 17th regular session, Tourism Minister Selamawit Kasahun stated that tourism sites built under Gabeta for country, nation, and generation initiatives significantly contribute to the economy. The government is systematically developing tourism sites across regions.

The Bishoftu Abusera International Airport project is under construction at a cost of 12.5 billion dollars. The first phase is scheduled for completion by 2030. The project aims to create jobs and increase foreign currency earnings.

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