Indian hotel chain, Lalit Suri Hospitality Group, has revealed its plans to open new properties across India within the next two years.
The group said it will invest Rs22bn ($500m) in public-private partnership projects in the premium luxury hotel segment.
The group, operating luxury hotels under the brand name The Lalit, plans to invest Rs12,000m on expanding properties and aims to add 3,600 rooms by 2012.
New hotels are being planned in major cities while properties in Chandigarh and Jaipur will be operational by early next year.
The group is also foraying into the mid-luxury segment and has planned 25 hotels with 400 rooms by 2013 with an investment of Rs8bn ($175m).
The Lalit brand has eight properties in India with two overseas properties – Lalit Grand Fort Dubai, UAE, and the Lalit Resort and Spa in Koh Samui, Thailand – to be operational next year.
The group will invest around Rs1.75bn($40m) in the Lalit Resort and Spa, according to the Economic Times.