The Rs 160-crore, 186-key Thane hotel is the fifth in the megapolis and its sixth is under-development in the tony Bandra Kurla Complex (BKC) business district, which will be operational over the next 12-18 months. The 206-room property is being developed at an investment of Rs 200 crore, Vinay Gupta, director of operations at Ibis and Ibis Styles India, said.
