The Appaswamy Group
The Appaswamy Group is a top ranking organization in property development, hospitality and non-conventional/renewable energy generation. The Group stands on the edifice of core values, business ethics, strong brand equity and customer satisfaction.
The flagship of the Group is Appaswamy Real Estates Limited(AREL). Since its inception in the late 50s, AREL has carved a unique niche for itself and in the business. Founded by the patriarch, Mr. S Appaswamy, AREL has grown in stature to become a leading player in property development and has earned the reputation of being a household name in Tamil Nadu.
AREL has the distinction of being one of the pioneers in introducing the concept of “apartment culture” in Chennai and continues to enjoy the love and warmth of its customers. It has more than 10,000 strong and loyal customer-base and has executed over 6.3 million sq ft of residential, commercial and IT space.
The Group’s foray into the hospitality sector was in tune with the global urge to spotting a significant space to be occupied in the hospitality business. Chennai’s emergence as a throbbing business hub led to setting up of the Residency’, a 3- star category hotel, the Group’s maiden venture in 1991. Buoyed by the success and the overwhelming response, the Group set up its second 4-star category hotel ‘The Residency’ at Coimbatore subsequently.
The group added yet another Hotel “The Residency Towers” - a 4-star hotel - in Chennai. The Residency Towers was targeted at the burgeoning hospitality space which was seeking avenues other than the traditional 5-star style of hotels. Chennai’s reputation as a diversified industrial centre in various domains such as automobile and software entities has made this venture a glorious success..
The Residency Group of Hotels enjoys a reputation for excelling in all parameters of the industry, a high level of occupancy, quality service and total customer satisfaction.
The group is also entering into strategic tie-ups and taking up professional management of other hotels in other parts of the country.