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NEWS| Leela Group to invest $500 mn in next 3 yrs

Hospitality major Leela Group will invest $500 million (around Rs 2,000 crore) in the next three years for developing new luxury properties and upgrading the existing hotels in the country.

The group, which currently operates four luxury hotels, is coming up with six new properties in Gurgaon, Delhi, Udaipur, Chennai, Hyderabad and Pune.

Besides expanding presence in India, the Group is looking at strengthening the Leela brand globally as well.
"The idea is to build a stronger Leela brand in India as well as global markets. The focus right now in the country is to successfully launch the upcoming projects," Hotel Leela Ventures Limited President Onno Poortier told PTI.

He said that the group is intensifying marketing and public relations operations in key international markets like the US, the UK and European nations.

In next five years, the group is looking at increasing the number of rooms to 2,600 from the current 1,100. Hotel Leela Ventures owns and operates the Leela Palaces, Hotels and Resorts in Mumbai, Bangalore, Goa and Kovalam in Kerela.

Source| Press Trust of India / New Delhi April 18, 2008

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