Prestige Estates Projects Ltd. (PEPL), an Indian real estate developer, plans to invest up to 10 billion rupees ($203 million) in building hotels in the next three to four years, Chairman Irfan Razack said

Prestige will invest 2 billion rupees to build a Hilton hotel in Bangalore, where the Indian company is based. It is also constructing a Marriott Hotel at its Prestige Golfshire project and building an Aloft Hotel, a brand owned by Starwood Hotels & Resorts Worldwide Inc. also in Bangalore as per a report in Bloomberg by Pooja Thakur.

The company is building hotels in the southern Indian city, home to the Indian offices of Google Inc., Infosys Ltd. and Texas Instruments Inc. aiming to draw customers from the information technology industry, Razack said.

“Hotels are a long-term play, we won’t get returns immediately,” Razack said in a conference call with analysts today.

The company has also partnered with Oakwood Worldwide, a serviced apartment manager, to operate a 218-unit luxury service apartment in Bangalore.