Bharat Hotels Limited, which runs The Lalit brand of hotels and resorts in India, has acquired a 70-room property in London that will be operational in three years. The building, which was an academic institute earlier, is being renovated by the company.
“We had acquired a property two months back. It is currently being converted into a hotel, which will be operational under The Lalit brand in the next three years,” said Dr Jyotsna Suri, Chairperson and Managing Director, Bharat Hotels Limited. However, Suri did not share details of the company's investment in the project. She said that two other international firms were in the race to acquire the property, as per a PTI report. The company also has plans to expand to international markets like Dubai and Thailand. “We have projects planned in those locations but they are currently on hold as the situation is not favourable there,” Suri said. Within India, the company has plans to invest Rs 1,500 crore by 2015. “Rs 500 crore would be invested in 25 budget hotels under the Lalit Traveller brand by 2015 and Rs 1,000 crore for opening luxury hotels,” she said. The first Lalit Traveller is set to open in Jaipur, she added.
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“We had acquired a property two months back. It is currently being converted into a hotel, which will be operational under The Lalit brand in the next three years,” said Dr Jyotsna Suri, Chairperson and Managing Director, Bharat Hotels Limited. However, Suri did not share details of the company's investment in the project. She said that two other international firms were in the race to acquire the property, as per a PTI report. The company also has plans to expand to international markets like Dubai and Thailand. “We have projects planned in those locations but they are currently on hold as the situation is not favourable there,” Suri said. Within India, the company has plans to invest Rs 1,500 crore by 2015. “Rs 500 crore would be invested in 25 budget hotels under the Lalit Traveller brand by 2015 and Rs 1,000 crore for opening luxury hotels,” she said. The first Lalit Traveller is set to open in Jaipur, she added.
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