Supertech Limited and Hotel Leelaventure Limited have signed a Memorandum of Understanding (MOU) for a new hotel project in Noida.
Supertech will construct and develop The Leela Palace Noida, at Supernova Noida, while the management will be undertaken by The Leela. The new hotel situated in one of the five towers of Supernova will be a mixed use development project located in Sector 94 of Noida. The property will offer 250 guest rooms and suites, restaurants, lounges, banquet facilities, spa and fitness centre.
According to R K Arora, Chairman & Managing Director of Supertech Limited, “Supernova is an epitome of luxury and class and The Leela is also known for its opulent properties.This amalgamation of two premium brands will a connoisseurs’ destination with the best facilities and features to offer. Noida is coming up with the best of facilities and infrastructure which is attracting a lot of corporates to set up their businesses here, thereby increasing the demand for hotels in the city. Also with the opening up of Yamuna Expressway, the demand for this sector will witness a further boost.”
Speaking on the occasion, Vivek Nair, Vice Chairman and Managing Director for The Leela Group said “We believe our expertise and operational excellence will further open up opportunities for continued growth and contribute to Noida’s status as a major destination. The focus on the infrastructure in Noida including the newly opened Yamuna Expressway is now bound to attract increased tourist inflow and we would be delighted to welcome them to The Leela Palace Noida.”
Supertech is investing INR 450 crores in this venture and will be completed within a period of 48 months from its commencement.