Lulu Group Lists 217-Room Marriott
ECONOMY & POLICY

Lulu Group Lists 217-Room Marriott

Lulu Group, a renowned conglomerate with diversified interests, has put up for sale a prime asset in the hospitality sector. The group has listed a luxurious 217-room Marriott hotel located in a strategic location. The move comes as part of their strategic portfolio restructuring efforts. The hotel, valued at a staggering ?400 crore, offers an enticing investment opportunity for potential buyers seeking to enter or expand their presence in the booming hospitality industry.

The Marriott property, situated in a high-demand area, boasts world-class amenities and services that cater to the discerning needs of both business and leisure travellers. With its elegant design, state-of-the-art facilities, and impeccable service standards, the hotel has carved a niche for itself in the competitive hospitality landscape. Its proximity to key business hubs and tourist attractions further enhances its allure, making it an attractive proposition for investors eyeing long-term returns.

Lulu Group's decision to divest this asset underscores their commitment to prudent financial management and value creation for stakeholders. By unlocking the value embedded in this premium property, the group aims to redeploy capital into strategic areas of growth and expansion. This strategic move aligns with their vision to consolidate their position as a leading player across various sectors, including retail, hospitality, and real estate.

The listing of the Marriott hotel presents a rare opportunity for investors to acquire a prestigious asset with substantial revenue-generating potential. With the hospitality industry poised for a robust recovery post-pandemic, investing in premium properties like the Marriott could yield handsome returns in the long run. Interested parties are invited to explore this unique investment opportunity and become part of the Lulu Group's journey towards excellence in hospitality.

Lulu Group, a renowned conglomerate with diversified interests, has put up for sale a prime asset in the hospitality sector. The group has listed a luxurious 217-room Marriott hotel located in a strategic location. The move comes as part of their strategic portfolio restructuring efforts. The hotel, valued at a staggering ?400 crore, offers an enticing investment opportunity for potential buyers seeking to enter or expand their presence in the booming hospitality industry. The Marriott property, situated in a high-demand area, boasts world-class amenities and services that cater to the discerning needs of both business and leisure travellers. With its elegant design, state-of-the-art facilities, and impeccable service standards, the hotel has carved a niche for itself in the competitive hospitality landscape. Its proximity to key business hubs and tourist attractions further enhances its allure, making it an attractive proposition for investors eyeing long-term returns. Lulu Group's decision to divest this asset underscores their commitment to prudent financial management and value creation for stakeholders. By unlocking the value embedded in this premium property, the group aims to redeploy capital into strategic areas of growth and expansion. This strategic move aligns with their vision to consolidate their position as a leading player across various sectors, including retail, hospitality, and real estate. The listing of the Marriott hotel presents a rare opportunity for investors to acquire a prestigious asset with substantial revenue-generating potential. With the hospitality industry poised for a robust recovery post-pandemic, investing in premium properties like the Marriott could yield handsome returns in the long run. Interested parties are invited to explore this unique investment opportunity and become part of the Lulu Group's journey towards excellence in hospitality.

Next Story
Infrastructure Urban

World-class sports complex in Tirupati soon

A new world-class sports complex will soon be developed in Tirupati, following a meeting between Animeni Ravi Naidu, Chairman of the Sports Authority of Andhra Pradesh (SAAP), G Narasimha Yadav, TDP Parliamentary President of Tirupati, and District Collector Dr. S Venkateswar. The new sports policy, recently approved by Chief Minister Nara Chandrababu Naidu, aims to elevate the standards of sports infrastructure in the region. During the meeting, the team discussed various components of the sports policy and highlighted plans to enhance Tirupati’s sports landscape. A key focus was the propo..

Next Story
Infrastructure Urban

Centre sets up five working groups to transform city management

The Union Ministry of Housing and Urban Affairs (MoHUA) has established five working groups to recommend reforms aimed at transforming urban governance across India. The groups will focus on areas such as political and administrative reforms, redefining the role of parastatals, rural-urban continuity, and enhancing local capacity building. These working groups will examine key issues like enhancing accountability among elected officials in project execution, the direct election of mayors, and the creation of participatory budgeting processes. The groups will submit their findings within three ..

Next Story
Infrastructure Transport

US Nagar highway to be realigned for Pantnagar airport expansion

A major highway realignment project has been announced in Udham Singh Nagar to facilitate the expansion of Pantnagar International Airport. The National Highway (NH) 109 will be relocated by 7 km behind the airport to accommodate the airport’s expansion plans. Vikas Mittal, Project Director at the National Highways Authority of India (NHAI), confirmed that a detailed project report (DPR) for the realignment is being prepared and will be submitted by December 22. The realigned stretch will curve near the Anandi Mata Temple, follow the railway line, and reconnect with the main highway near Sa..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000