Leela planning a hotel replicating Taj Mahal
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Taj Mahal is one among the 7 Wonders of the World and the Management of Hotel Leela Project Ltd. is now ready to construct a hotel in Agra, which is likely to be a replicate or landmark alike Taj. By now Leela has purchased property just 1 Km away from the Taj Mahal and will be constructing a high-end lavish hotel. It will be the 2nd hotel after Oberoi’s Amar Villas to be at nearness to Shah Jahan’s lovely monument and Leela has nearly 7 acres of land close to Taj Mahal and will be constructing a hotel with 100-150 rooms. Each room is going to cost the company a high price of Rs. 4-4.5 Crores which will turn into a room price of USD350-400 per night. This will be Leela’s 5th lavish hotel, also to the ones constructed in Mumbai, Bengaluru, Goa and Kovalam. Company is also building its Rs. 900 Crores hotel in NCR region which will be setting up in time for the commonwealth games.
New hotel proposals will be financed from 2 FCCB issues, which closed some months back. Management was zipped on providing the information of the Agra acquirement but did not declare that there will be a new hotel.
Rajiv Kaul, Senior VP of Hotel Leela Venture Ltd. said to www.propertykhazana.com that, “We have purchased property in Agra and there will be a hotel, but this is an extreme new development." With 5 Million visitors visiting into the country, there appears to be wonderful scope for Leela’s new hotel. Management is concentrating on the best lavish sector and forming a pan-India existence. However, hospitality industry is facing defy in terms of average room prices and cost effective growth that might delay motivated growth aims for the future.
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