Lalit Suri Hospitality Group to invest Rs. 250 crore over next two years.

The Lalit Suri Hospitality Group will invest around Rs. 250 crore over the next two years to expand its portfolio to 16 hotels, said a top company executive. The hotel chain, with 13 operational hotels, will add three hotels in London, Ahmedabad and Mangar (Delhi-NCR) in the next two years.

'Our focus right now is to consolidate and open a few of our pending projects... Once the market situation is good, we will go for an IPO,' said Keshav Suri, ED, The Lalit Suri Hospitality Group, who was in Mumbai for the opening of the group's nightclub brand 'Kitty Su'. Currently, Kitty Su is operational in the group's properties in Delhi and Chandigarh. 'The investments will be through a mix of debt and equity,' Suri added.

According to Suri, the hotel chain will invest around Rs. 50-60 crore to set up a 50-key boutique hotel in Mangar, while its project in Ahmedabad is still in the planning stage and will take two years to open. The hospitality group's first international venture in London, which it had acquired earlier, will open its doors in March next.

ET