Crowne Plaza Chennai Adyar Park (formerly called Sheraton Park Hotel) was built by Adyar Gate Hotels Limited (AGHL), a hotel company which owns three hotels in India, the other two being 104-room Welcome Hotel Grand Bay in Vizag and 67-room Fortune Hotel Sullivan Court in Ooty.
Originally built as the "Adayar Park Hotel" by AGHL, the 250-room hotel was taken over by Welcomgroup Hotels in February 1985, when the controlling stake in the company was acquired by Goyal family, the present promoters, for a sum of 30 million [REF].