The Leela Group and Qatar's Al Faisal Group signed an agreement to build a five star hotel near Taj Mahal in Agra with an FDI of about Rs 500 crore.
The 250 room hotel will be built in 30 months.
The hotel will be built under the brand name 'Aiana' and will come up on an area of seven acre, just one km from the Taj Mahal.
A two-hotel complex with a total of 250 rooms will be built. There will a 100 room Leela Palace and a 150 room Aiana on top of a shared podium.
The hotel will be named 'Aiana Agra', and Leela and Aiana will be its operators.
The project will entail 100 percent FDI.