Ladhani Group plans to invest approximately Rs 3,000 crore in its hospitality business and increase its room capacity to 1,500 over the next three to five years as part of its expansion strategy, according to a senior company executive.
The Group has signed agreements with the Taj Group for two new properties in Haridwar and Ayodhya and is also in talks with other international hotel chains.
“So, if everything goes on time, we will add another 1,000 rooms in the next three years. From the present 500, we will have 1,500 rooms,” its executive director Paritosh Ladhani said.
Regarding the investment, Ladhani said, “The overall investment for 1,000 keys would be around Rs 3,000 crore”.
Earlier this month, East India Hotels Limited (EIH), which operates the Oberoi group of hotels, announced two new resorts in Rishikesh in partnership with the Ladhani Group.
“We have great plans for hospitality. Apart from Taj, we have just tied up with Oberoi, and I am in touch with a few large international chains, specifically Ritz Carlton and Four Seasons for Agra,” said Paritosh Ladhani, who is also Joint Managing Director of the Group’s flagship firm SLMG Beverages.
Ladhani said that he is “bullish” on the hospitality business of the Group.
The Group has also secured agreements for two additional hotel properties set to open in Lucknow.
“We are coming up with a Taj in Haridwar and a Taj in Ayodhya. We have two Taj signed up in Lucknow,” he said, adding that “we are also planning to expand our partnership with Taj and Oberoi brands in other cities.”
