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Tuesday, 10 July, 2018, 16 : 31 PM [IST]

Bharat Hotels to take up projects in cities with their land parcels in next five years

Dr Jyotsna Suri, CMD of Bharat Hotels Ltd., which owns and manages The Lalit brand of hotels, said that the group’s investment focus continues to be strong in the hospitality sector in the country and will be taking up projects in Amritsar, Dehradun, Chitrakoot and Mangalore, where the company has land parcels, over the next five years’ time. The company’s under-construction hotel, a combo one – The Lalit and The Lalit Traveller – on the banks of Sabarmati River in Ahmedabad, will be ready in the next 18 months, Dr Suri said.  She shared this information with Hospitality Biz  on the sidelines of the Tourism Investors’ Meet organised by FICCI  in Delhi recently.

She said that the Group has invested in only one property abroad, in London. “My development focus is very much in India. I have done only one hotel in London, and rest 13 are in India,” she said.  Dr Suri said that the company will start the Amritsar property once the Ahmedabad hotel is completed. “Amritsar and Dehradun will be Lalit Traveller,” she stated.

When asked for her views on how the government initiatives in the last four years helped in bringing investments into the tourism sector, Dr Suri said that while there has been proactive initiatives to promote tourism and investments in the sector, it is difficult to comprehend how it translated into investments. ‘The investment climate is definitely better now, but it is difficult to tell how much investments have come into the sector,’ she said. She said that there has been growth in terms of both foreign tourist inflow into the country as well as domestic travel because of the proactive initiatives of the government.

Commenting on the GST, she said that although there were initial hiccups, the industry has been able to switch to the new regime smoothly.
 
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