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FINANCIAL NEWS
India’s Leela to sign hotel management deal in Dubai
08 Apr 2013
(MENAFN) India’s The Leela Palaces, Hotels and Resorts’ president, Rajiv Kaul, announced that the hotel chain will soon sign a deal to manage a luxury property in Dubai, reported Arabian Business.
Kaul said that the management contract for the 400-rooms property is the company’s first abroad.
The chain, which at the current time manages 8 properties in India, plans to double its portfolio during the coming 5 years.
Meanwhile, he noted that the group plans to divest its non-core assets in Pune, Bangalore and Hyderabad.
It is worth noting that Leela has marketing alliances with Germany’s Kempinski hotels and US Preferred Hotels & Resorts.
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