Hotel Leelaventure plans to invest
$500 million to expand its pan-India presence in key cities in the next
four-year period.
It is setting up new hotels at Gurgaon,
Udaipur, Chennai and New Delhi over the next three years, apart from acquiring
land in Agra and Jaipur. The room capacity of the group will go up from the
present 1,100 to 2,400 by FY12 after the Leela Palaces, Kempinski at Udaipur,
Chennai, New Delhi and Hyderabad and the Leela, Kempinski at Gurgaon and Pune
becomes operational.
Also See:
Leela Group to
invest Rs.2,000 crore by FY11 (19-Apr-08)