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Lalit Suri Hospitality Group, which runs the Lalit chain of hotels, proposes
to invest Rs 2500 crore by 2014 for expansion across luxury and mid-segment
properties. The group has earmarked Rs 2,000 crore for expansion of luxury
hotels and Rs 500 crore for mid-segment hotels. The group also plans new
projects in the luxury segment at Jaipur, Chandigarh, Kochi and Ahmedabad.
The hotel in Thailand is expected to be operational by 2014, while the Dubai
hotel plan has put on hold due to economic situation there. The group's
first mid-segment hotel under the ''Lalit Traveller'' brand will be launched
in the next six months at Faridabad, Haryana.
The Lalit group has seventeen luxury hotels with 3,600 rooms in the
five-star deluxe segment. As of now, there are about eight projects which
are at various stages of construction, in places including Bhuj, Jalandhar,
Pune, Drass and Faridabad.
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