The Leela Palace and Resorts, a reputed chain of hotels in the country, has drawn up ambitious plans to come up with three hotels in Chennai, Udaipur and Delhi within the next three years, according to its chairman C P Krishnan Nair.
The grand old man of Indian hospitality, Captain C P Krishnan Nair passed away at a private hospital in Mumbai on Saturday.
Hotel major Leela group is planning to invest Rs 500 crore (Rs 5 billion) in Kerala in the fields of IT infrastructure, textiles and hotel projects.
The firm, which owns, operates and manages hotels, palaces and resorts, is likely to hive-off the two properties into separate entities.
Leela Group has tied-up with Singapore-based Amman Resorts to build an up-market beach resort at Bekal in Kasargod district of Kerala, vice-chairman and managing director of the group, Vivek Nair, said on Friday.
Nair is credited for introducing the West to a fabric called Bleeding Madras. It used vegetable dyes and the colour washed away with every wash. He marketed it in the United States as a fabric that would look different after every round in the laundry.
Hospitality player The Leela Hotels, Palaces and Resorts is planning to invest $500 million (about Rs 2,500 crore) for opening five new properties across the country by 2012.
The hospitality chain Leela Group chairman C P Krishnan Nair, who is set to retire from active management this June, on Monday said he will consider partnering Mukesh Ambani if there are hostile takeover threats from rival ITC.
Kempinski has debuted in Delhi's Shahdara area with a 480-room property, which it claims is the highest room inventory for any single property in the capital.
Captain C P Krishnan Nair may be 90 but his energy and passion for work has not diminished a bit even now.
Models, actors and fashionistas gave a pompous welcome to the A-list designer.
Ballooning debt forces more and more Indian promoters to sell out to global majors and PE players.
ITC's investment arm Russell Credit has raised its stake in Hotel Leelaventure to 7.37 per cent --an increase of 2.26 percentage points. The promoters of Mumbai-based Leela group, meanwhile, said they were not interested in tying the knot with ITC as a strategic partner in the growing hotels business.
Given the hotel's prime location, it is obvious that there will be some serious bidders trying their luck when an auction is held in the second half of this calendar year.
India has been marked as the world's fastest growing market for tourism by World Travel and Tourism Council and is among the top five preferred destinations in the world, C P Krishnan Nair, Chairman, Leela Group of Hotels, said in Manipal.
In Mumbai, developers like the R K Jatia and Lodha groups have launched or reopened ultra luxury residential projects, complete with limousine and concierge services.
Hospitality chains are hosting dual brands on one property, looking for operational efficiencies without diluting their brands, says Shivani Shinde Nadhe.
Contract finally given for Rs 2,400-cr project, with GIFT City-like features
The monogrammed pinstripe suit received a fresh bid of Rs 1.41 crore
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