"Value for money is the key word for us," Atique Rahman, general manager of the hotel, told The Daily Star.

Speaking on the new idea Rahman said the new hotel banks on boutique concept to serve its clients.

"We have 85 rooms including three suites and we provide swanky services to our customers," he added.

Rahman, a former assistant general manager of the Pan Pacific Sonargaon Hotel in Dhaka, says there is a business centre at the first floor of the hotel to support the concept of business boutique, which is open for 24 hours.

The business centre is equipped with modern telecommunication facilities with high speed Internet connection and a meeting room which has an accommodation facility for 150 people.

"The business centre can facilitate corporate meetings, seminars and family functions," said Rahman.

There is also a boardroom with oval table and high-back chairs for 20 people to hold corporate board meetings, he added.

"Customers have to pay $10 per hour for Internet use," Rahman said, adding that they can also rent a laptop against a payment of US $50 per day.

Each of the 82 deluxe rooms and three suites is centrally air-conditioned with 24-hour room services, newspapers, satellite TV, telephone with international calling facility.

"Introductory prices for deluxe rooms and suites have been fixed at US $65 and US $90 including breakfast, service charges and taxes. This rate will remain valid till December this year," said the general manager.

He said special rate for long stay as well as corporate and group rates are available at the hotel, which was formally launched on July 17.

The hotel has also a gymnasium, a swimming pool on the 19th floor, two restaurants, 'Risotto' and 'Summerfields', and a cigar bar, 'Picasso'.