Suresh Nanda─promoted hotel firm, The Claridges Hotels & Resorts, has acquired the 100─year─old Lohagarh Fort in Bharatpur, Rajasthan, as part of a strategy to spread its wings around the country.
According to a report in The Economic Times, the company currently owns and operates three hotels under the Claridges brand ─ one each in New Delhi, Surajkund (Faridabad) and Mussorie, and a three─star business hotel under the Atrium brand in Surajkund.
Peter J Leitgeb, President and Chief Executive Officer, The Claridges Hotels & Resorts said, “We have entered into agreement with the owners to acquire the 89 acres of land, which includes the heritage property under a 99─year lease agreement. The agreement was done with Maharaja Vishwendra Pratap Singh.”
Leitgeb refused to reveal financial details of the deal but added that the company is looking to develop 40─45 luxury villas on the vacant land in addition to running the palace.
According to a report in The Economic Times, the company currently owns and operates three hotels under the Claridges brand ─ one each in New Delhi, Surajkund (Faridabad) and Mussorie, and a three─star business hotel under the Atrium brand in Surajkund.
Peter J Leitgeb, President and Chief Executive Officer, The Claridges Hotels & Resorts said, “We have entered into agreement with the owners to acquire the 89 acres of land, which includes the heritage property under a 99─year lease agreement. The agreement was done with Maharaja Vishwendra Pratap Singh.”
Leitgeb refused to reveal financial details of the deal but added that the company is looking to develop 40─45 luxury villas on the vacant land in addition to running the palace.