LEELA Hotels plan Rs 2200-cr Investment; Launching New Projects

September 19, 2007	(3 votes, average: 4.33 out of 5)  Loading ...
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The Leela Group of Hotels will invest a whopping Rs 2,200 crore in the next three years to develop six hotel projects in different Indian cities.

The company will come up with five new hotels and service apartments by 2010. It will bring the hotel in cities including Hyderabad, Chennai, Udaipur, Pune, and Delhi whereas service apartments will be developed in Gurgaon.

“We have already invested Rs 1,100 crore,” says Leela Group chairman Capt C P Krishnan Nair.

The Hyderabad hotel will have 275 rooms and may complete by 2010. On the other hand, the hotel to come up in Chennai will have 365 rooms and is scheduled to be completed by 2009.

And, the Pune hotel will have 220 rooms and be operational by 2009 while Udaipur hotel will be operational by 2008.

The company plans 86 service apartments in Gurgaon. More rooms will be added in present Leela hotels in Goa and Kovalam. Around 30 rooms will be added to the existing 182 rooms in its Goa hotel.

Likewise, there will be an addition of 70 rooms to the present 192 rooms in Kovalam hotels.

Leela Group envisions accomplishing a turnover of Rs 450 crore in 2007 as against Rs 350 crore last year, says Sanjoy Pasricha, Leela’s vice president, Sales & Marketing.

News Published Under:   Hotel Industry in India |

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