The new properties will come up at various locations in Uttarakhand, NCR and Goa, Leisure Hotels Group director Vibhas Prasad said. New Delhi:Hospitality chain Leisure Hotels Group is looking to invest around Rs100 crore to add eight properties by the end of 2020 and come up with seven more hotels that will be managed by the company but funded by asset owners, a top company official said. The company plans to add a total of 15 hotels, of which, it will own eight properties. Out of them, eight will be owned by us and we will be spending around Rs100 crore for these properties,” Leisure Hotels Group director Vibhas Prasad told PTI. Our expenditure is mainly on the properties that we own and operate.”Going forward, the business model the company will follow will be a mix of owned hotels and managed properties, he added.

Source: Mint May 13, 2018 05:37 UTC