Bangkok-based Lebua Hotels & Resorts said it would enter Indian market with the opening of its first property in the capital by this year-end. Owned by Delhi-based real estate firm Tirupati Building and Offices, the 400-room, five-star hotel at Dwarka would be managed by Lebua Hotels & Resorts. “We are looking to have two more properties in India, one in Punjab and the other in Mumbai,” Deepak Ohri, Chief Executive Officer of Lebua Hotels & Resorts told PTI. Each property in India will have around 100 rooms and minimum of three restaurants. The Dwarka hotel, which has come up with an investment of US$1.43 million (INR6,957 crore) would see further investment of US$143 million for the development of restaurants in the premises.
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