MoneyWorks4Me

Hotel Leelaventure inks pact with Supertech

02 Nov 2012 Evaluate

Hotel Leelaventure, a major hospitality chain has inked pact with real estate player Supertech in Noida to manage a 250-room luxury hotel and branded residences built by Supertech under the same project. The entity plans to follow the asset light strategy and expect to have tie-ups for four additional hotels under management contracts.

The company, through management contract strategy, is looking forward to manage a property at Jaipur and another at Bangalore near the international airport and also other metros.

Hotel Leelaventure operates hotels and resorts in India. It also operates spas; and offers facilities for meetings and events, weddings, and social celebrations. The company’s portfolio includes luxury hotels and resorts primarily in Mumbai, Bangalore, Goa, Kovalam, Gurgaon, and Udaipur.

Peers
Company Name CMP
The Indian Hotels Co 741.80
ITC Hotels 159.10
Mahindra Holi.&Resor 200.15
EIH 304.80
Chalet Hotels 879.70
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