Lalit Suri charts its expansion plans for the next 2 years

May,2010:Premium Indian hotel chain, the Lalit Suri Hospitality Group, is investing Rs.2,200 crore (nearly $500 million) towards expansion, with plans to actively participate in public-private-partnership projects to promote tourism in the country.

The Lalit, will invest Rs.1,200 crore on expanding properties in the the premium segment.

The company plans to come up with hotels in Kolkata, Jaipur, Chandigarh, Ahmedabad, Noida, Amritsar and Dehradun over the next two years.


It is also looking at opportunities in the mid segment and has planned 25 hotels with an investment of Rs.800 crore ($175 million).

By 2013, the company plans to have an inventory of 1,400 rooms in the mid segment. also plans to set up mid-market hotels in Tier-I and Tier-II cities like Ludhiana and Surat.

The group will fund the expansion through a mix of internal accruals and debt.