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.

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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.

Vivek Nair

Vice Chair­man and Man­ag­ing Di­rec­tor The Leela Group

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