Luxury hotels chain The Leela Palaces, Hotels and Resorts will soon announce its overseas foray with a deal in Dubai, a top company official said.
"We will soon foray into overseas market with the announcement of a landmark deal in Dubai. It will be an upscale and luxurious property with over 400 rooms under management contract. An announcement on this international project is likely to be made in a month," The Leela President Rajiv Kaul said here.
At present, The Leela manages eight properties in Mumbai, New Delhi, Gurgaon, Bangalore, Chennai, Goa, Udaipur (Rajasthan) and Kovalam (Kerala).
The company will only go for management contracts and has signed deals in Bangalore with 250 rooms, Jaipur with 60-70 rooms, Agra with 80-90 rooms, Kerala, Noida with 225 rooms, he said, adding that the Bangalore and Noida properties are likely to be operational in three-and-half years.
"Our next phase will be only through management contract. We are planning to double our portfolio of eight hotels in next five years," he added.