A luxury India-based hotel chain is poised to announce its first overseas deal in Dubai, it was reported on Sunday.
The Leela Palaces, Hotels and Resorts is expected to announce the management contract within a month for an upscale property with more than 400 rooms in the Gulf emirate, said Rajiv Kaul, president of the company in comments published by The Economic Times.
The Leela currently manages eight properties in Mumbai, New Delhi, Gurgaon, Bangalore, Chennai, Goa, Udaipur (Rajasthan) and Kovalam (Kerala).
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"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.
The group has marketing alliances with Germany-based Kempinski hotels and US-based Preferred Hotels & Resorts, the paper said.
The Leela, which is planning to remain confined in the luxury space, will divest non-core assets in Pune, Bangalore and Hyderabad, it added.
The Leela Palaces, Hotels and Resorts, owned by Hotel Leelaventure, is part of The Leela Group, whose portfolio includes hotel and resort properties, IT and business parks, as well as real estate development.
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