Twenty14 Holdings, the hospitality investment arm of UAE-based LuLu Group International, has announced the acquisition of its first property in India, Arabian Business reported.
The deal for the 54-room Abad Airport Hotel, Kochi marks Twenty14 Holdings' entry into the mid-scale hotel segment, Press Trust of India reported, citing a company statement.
It said Twenty14 Holdings was in talks with Marriott to rebrand the property as Kochi's first Fairfield by Marriott Hotel.
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The company recently opened its first luxury hotel in the UAE at Business Bay in Dubai, managed by Steigenberger Hotel Group, a Germany-based hospitality firm.
Press Trust of India said Twenty14 Holdings has also entered into an agreement with property developer Galliard Homes to create a five-star hotel at 1-5 Great Scotland Yard in London.
The 92,000 square feet hotel, to be called the Great Scotland Yard Hotel, is set to open in early 2017.
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