The Lalit Suri Hospitality Group has outlined investment plans worth Rs 2,200
crore for expansion. The proposed expansion is to be funded through a mix of
internal accruals and debt.
Under the expansion, the group is likely to increase the number of luxury
rooms to 3,600 from existing 2,000 rooms. It is setting up hotels in Kolkata,
Jaipur (Rajasthan), Chandigarh, Ahmedabad (Gujarat), Noida, Amritsar (Punjab)
and Dehradun (Uttarakhand) by 2012. The Chandigarh and Jaipur hotels are almost
ready and are to be operationalised by early 2011.
At present, brand 'The Lalit' has eight properties in India-- six hotels
operated under The Lalit brand, two in Goa and Mumbai which have a co-branding
with InterContinental. Besides, its hotel in Dubai and the resort at Koh Samui
in Thailand are expected to start functioning from 2011.