Hotel Leela wins bid for hotel plot in South Delhi for Rs.611 Crores

The plot of land admeasuring 3 acres which was put to bid by National Buildings Construction Corporation Ltd. (NBCC) was successfully bid by Hotel LeelaVenture Limited at a price of Rs.611.00 Crores. The freehold plot is strategically located on Vinay Marg / Africa Avenue.

In a statement, Mr.Vivek Nair, Vice Chairman & Managing Director, Hotel LeelaVenture Limited stated that with the successful bid for a hotel site in South Delhi at a prime location, the Group’s long-felt desire to have a hotel in the nation’s capital would be fulfilled.

It’s flagship hotel, The Leela Palace Kempinski Bangalore has the highest Average Room Rate in the country being in excess of USD 450 and is the market leader in the city as is the Group’s hotels in Goa and Kovalam. With 5 new world-class hotels under construction in Gurgaon, Udaipur, Chennai, Hyderabad and Pune, the Leela Kempinski Group would have a Pan-Indian presence. It is in this context that it was necessary to be in Delhi, Mr. Nair added.

The Company is confident of creating another unique up-market ‘trophy’ hotel with 250 over-sized guestrooms and service apartments and maintains its record of being the market leader in every market that it operates in.

Should you need any further information I would be delighted to be of assistance.

Issued by
Mithu Basu
Group Head Corporate Communications
The Leela Palaces~Hotels~Resorts
Sahar, Mumbai 400 059
Tel: +91 (22) 66911052
Fax: +91 (22) 66911455
Cell: +91 9820414732
mithu.basu@theleela.com