Noida to get ‘The Leela’
The Leela Group is coming up with its 9th property in Noida - The Leela Palace Noida. The group will now get into more management contracts and follow the asset light strategy.
TT BUREAU The
Leela Palaces, Hotels and Resorts is coming up with its ninth property in Noida through a management contract agreement with real estate developer Supertech. With an investment of 450 crore, the 250-room luxury Director, The Leela Group, this is in line with the group’s strategy for growth in the coming years. “Going forward, the group will get into more management contracts and follow the asset light strategy. closest property to the Taj Mahal. “The group targets to open hotels in Jaipur and Bengaluru. By 2016, the company plans to have 3,000 rooms in its portfolio,” Nair added. Currently, it has around 2,200 room inventory across eight hotels in India. Out of this, six are owned properties and two are run under management contracts at Kovalam and Gurgaon.