Leela Palaces & Resorts invests 225 million US$ in a Development Project

Leela Palaces & Resorts invites tenders for a development project in India.

Online PR News – 04-December-2010 – – Dec 3, 2010 - Leela Palaces & Resorts invites tenders for a development project in India. The Leela Palaces & Resorts has invested more than Rs.10,000 million (US$ 225 million) for the next four years in the development of upcoming, brand new properties and in the expansion of its room availability.

The total no of rooms to be made available will be further increased from 1006 to 2500.The Leela will be carrying out a complete makeover of all their present properties in Bengaluru and Mumbai. They plan on developing new properties in Udaipur, Hyderbad, Pune & Delhi.

The investment for this project will be funded by Leela through a combination of internal loan, foreign currency convertible bonds and internal accruals. Leela has further extended its agreement in the marketing & reservation front with the Kempinski Hotels in India.

Details of the Tender are as follows:
Project Location :- India
Commencement Date :- 2006
Completion Date :- 4 years
Tender Document File: Project Information
Tender Notice Type:Tender Notice
Date of Submission: 31 December 2010

For more information, please visit: http://www.tenderszeal.com/tenders.php?browseby=search&country=IN&q=Leela+Palaces&code=45210000&pid=839996

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