The Hindu : Business : Leela Palaces plans 3 new hotels

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Saturday, May 21, 2005

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Business

Leela Palaces plans 3 new hotels

Special Correspondent

Looking at the possibility of acquiring a beach resort in North Kerala

EXTENDING HOSPITALITY: The President of The Leela Palaces & Resorts, Peter J. Leitgeb, addressing a press conference in New Delhi on Friday. — Photo: Ramesh Sharma

NEW DELHI: The Leela Palaces and Resorts, one of India's leading hotel groups in the luxury sector, on Friday announced its plans to build three new hotels in Udaipur, Chennai and Hyderabad.

Talking to reporters here, the group's Vice-Chairman, Vivek Nair, said a new palace hotel at Lake Pichchola in Udaipur was under construction. The hotel is expected to be completed for the 2007 winter season with about 68 guest rooms and royal suites. The palace hotel is likely to cost Rs. 65 crores with an array of restaurants, lounges and Spa and banquet facilities.

In Chennai, the group has acquired a property at Adyar beach and proposes to build a 15-storey hotel with 360 guest rooms and suites.

Work on the Rs. 320 crore project is scheduled to begin in August this year and the hotel is expected to be commissioned in early 2008.

In Hyderabad, the Leela group has identified a prime location in Banjara hills to build a hotel with 300 rooms at a projected cost of Rs. 310 crores. The hotel is likely to be commissioned by 2008.

The group is also looking at the possibility of acquiring a beach resort at Bekal tourism zone in North Kerala and is hopeful of bagging a hotel site in Delhi, to be released by the government for the 2010 Commonwealth games.

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