The site of Marine Plaza in Sonari on Thursday; and (below) a model of the retail-cum-hotel address. (Bhola Prasad)

Dining-in-style will get a new meaning in the summer of 2014.

It’s official now. Ashiana Housing Limited, a leading realty player in the region, has roped in Hyatt Hotels Corporation for setting up a four-star hotel in Marine Plaza, an ambitious shopping-cum-hospitality project that will debut in April, 2014.

On Friday, Tata Steel managing director H.M. Nerurkar will lay the foundation stone of the much-awaited Rs 50-crore luxe address that will come up on the banks of Subernarekha on Marine Drive, Sonari.

Speaking to The Telegraph on Thursday, managing director of Ashiana Housing Limited Vishal Gupta confirmed they had entered into an agreement with Hyatt Hotels Corporation for setting up Hyatt Place Hotel.

“Jamshedpur is an important market for us. This tie-up with Hyatt Hotels for management and marketing of our four-star business hotel is aimed at offering the best dining experience to customers. The brand of Hyatt will further help us create a niche for Marine Plaza,” said Gupta.

A seven-storey building spread over 1.80 lakh square feet will go by the name of Marine Plaza. While over 80 outlets of premium brands will take up the ground and first floor, the remaining five floors will be dedicated to Hyatt Place, which will have 120 rooms. It will also boast a swimming pool, gym, business centre, conference and meeting rooms.

Bookings have already begun for the retail shops.

“Marine Plaza’s location is its advantage. The retail-cum-hotel destination is strategically situated at a prime and most exclusive location on Marine Drive. Several residential and commercial areas like Circuit House, Mango, Bistupur and Sonari, along with educational institutions like XLRI, are a stone’s throw away. Naturally, we hope that there will be a huge footfall,” Gupta said.

Ashiana Housing Limited is well known in the steel city. Since its inception in 1985, it has come up with several well-designed housing projects in Jamshedpur and its adjoining areas.

The group first entered the hospitality market with The Treehouse Hotel & Club at Bhiwadi in Delhi NCR. However, Marine Plaza will be its first retail-cum-hotel project in the steel city.