In order to develop hospitality projects throughout the Northeast over the next ten years, The Greenwood Hotels and Resorts Group said that it would invest Rs 500 crore.

The Greenwood Guwahati, the company's newest property, was introduced in this market with an investment of Rs 100 crore.

"Despite being a gateway to Northeast India and a major trade centre, Guwahati lacks sufficient international level hospitality options for business and trade requirements. We are trying to address this need gap," The Greenwood Group managing director Himanshu Kalita said in a statement.

'The Greenwood Guwahati' will contribute significantly in providing better hospitality infrastructure and subsequently bolster the economic development of the entire Northeastern region, he added.

This new property is equipped with 48 luxury rooms, meeting facilities, gymnasium, spa and swimming pool.

The hospitality firm also announced plans to expand its operations across the region by setting up new properties.