Leela on expansion spree

2011-04-19 02:28:56 - Nksagar-Sagar Media Inc New Delhi: The Leela Palace -of The Leela group today unveils "India's most expansive majestic palace worth 1800 cr with land costing 700 Cr gives way to 260 guestrooms and suits of International standards certified Gold Leed certification of state of art technologies facilities and services"

Rajiv Kaul, President of The Leela Palaces, Hotels & Resorts, said, on opening of the majestic excellence hotel “We are delighted to have world class professional team as a part of the opening team of The Leela Palace New Delhi having reputation for excellence and remarkable track record they bring together will go a long way in creating one of the finest hotels in India.”

With architecture inspired by Edwin Lutyens and designed by acclaimed architect John Gerondelis, The Leela Palace New Delhi, which occupies a three acre site, offers a combination of classical architecture with elements from historical North Indian palaces.

The hotel offers an exclusive rooftop pool with magnificent views over Delhi, four restaurants including the first Asian outpost of legendary restaurant brand Le Cirque which is situated on the hotel’s 10th floor, Indian restaurant Jamavar, Japanese eatery Megu, with International Cuisine available in The Qube. With an incredible ESPA spa spread over two levels offering ayurvedic inspired treatments in its seven treatment rooms and private spa suite, the 260 room eagerly awaited 5 star hotel promises to be a jewel in the heart of New Delhi.

Leela with its excellence hotels in Bangalore, Gurgaon, Mumbai, New Delhi and in Goa, Kovalam and Udaipur. and its expansion spree properties under development will open soon in Chennai followed by Agra, Jaipur and Ashtamudi, Kerala.Mr Vivek Nair, Vice-Chairman and Managing Director. speaking at Media invite said we are in process of alloting 14.9 per cent of preferential shares to couple of venture holdings companies of our private equity in order to raise Rs 600 Cr in the next couple of months to reduce the debt and its adjacent business parks in Chennai and Bangalore in the next coming months to ropein Rs 950 Cr.thus reducing our debt burden.

Leela portfolio with presence in 1600 guestrooms spread over all India is soon by the year end likely to reach to its target of 2200 keys.Capt Nair the Managing Director and Chairman said Turkey's chief destination Istanbul attracts 25 Million tourist and India with wider tourist range attracts lower dimensions which needs nation attention as tourism deploys 15% of total employment in the country. Tourism is ector with one tourist arriving the country gets employment of 10 person with indirect employment of another multiple of 10.

Q& A session of Media ranged from the Hotels excellence to its fiscal positioning
rooms occupancy and its delight comforts with food delicacies answered sweetly by the group members in eloquent style in presence of the three generation celebrating their maestro silver jubilee presence in hospitality industry with their opening of class property in New Delhi which too celebrates its centenary :

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