Hospitality chain Leisure Hotels Group is looking to invest around Rs 100 crore to add 8 properties by the end of 2020 and come up with 7 more hotels that will be managed by the company but funded by asset owners,.
Group currently operates 26 boutique properties with around 700 rooms across the country. Company plans to add a total of 15 hotels, of which, it will own eight properties. The seven other hotels that it plans to add will be managed by the company and for them the investments will be mainly made by asset owners. “We are planning to add 15 hotels by the end of 2020. Out of them, eight will be owned by us and we will be spending around Rs 100 crore for these properties,”.