Qatar’s Al Sawari Holding, which has critical enthusiasm for the friendliness part in the Middle East, Europe and US, has consented to purchase a 6-section of land site close to the famous Taj Mahal in Agra from the Nairs-possessed Hotel Leelaventure for Rs 90 crore. This denote the Qatari gathering’s first buy in India while it is the most recent resource deal by the obligation loaded Indian accommodation bunch after it stripped some of its marquee properties, for example, the Leela Goa in the later past.
Al Sawari, in a media articulation said, it means to create two inns on the same plot, with the 100-room property to be overseen by Hotel Leelaventure and the 150-key unit to be worked by Aiana Hotel. Aiana Hotel is a neighborliness administration organization mutually claimed by Al Sawari’s administrator Faisal Bin Qassim Al Thani and Amruda Nair, girl of Vivek Nair, director of Hotel Leelaventure. Aiana Hotel, which was set up early a year ago, at present oversees eight properties in the Indian sub-mainland and Middle East.
The buy manage Hotel Leelaventure, said Al Sawari’s director Al Thani, is in accordance with the gathering’s technique to secure key resources in vital worldwide areas. The gathering claims the W in London, Radisson Blu in Chicago, Grand Hyatt in Berlin and St Regis Bal Harbor Resort in Miami, among others. Al Sawari will contribute another couple of hundred crores to build up the two properties in Agra whose development is required to be finished inside three years.
The Qatari gathering, said in an announcement, that it keeps on looking for development chances to grow its portfolio in Asia’s third biggest economy, where the neighborliness business is expected to touch $400 billion by 2022.