Financial Daily from THE HINDU group of publications
Thursday, Mar 23, 2006


Group Sites

Corporate - New Projects

Hotel Leelaventure plan

Our Bureau

Mumbai, March 22

Hotel Leelaventure plans to buy about an acre of land in Bangalore, adjacent to its existing property, the Leela Palace, as part of its plans to add an additional wing of 120 rooms. The acquisition would increase the FSI, enabling the hotel to add around 30 rooms to the new wing. The expansion is expected to be complete by October this year. Mr R. Venkatachalam, Director, Finance and the Chief Financial Officer, Hotel Leelaventure Ltd, said the hotel would finance the acquisition through internal accruals. He did not specify the amount, saying it was a small sum.

A notice posted on the Bombay Stock Exchange on Wednesday said the board of directors would meet on March 30 to consider the purchase of land.

More Stories on : New Projects | Hotels

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Samsung starts SlimFit TV production

Belgian co bags ISRO order
Prajay Engg allots shares to Merrill Lynch
Noida Toll Bridge raises Rs 188 cr thru GDR
The knowledge edge
Zee Telefilms to consider revamp plan
Sujala offloads 4.99% in Rain Calcining
ISMT plans to expand production capacity
Nippon Auditronix to expand Noida capacity
Birla Power plans acoustic hoods
IOC's petrochem project faces time overrun
DS Kulkarni plans Rs 555-cr projects in Pune and Mumbai
ARS Metals plans sponge iron plant
Hotel Leelaventure plan
Showa to set up power steering unit in Noida
IOC feasibility report on Paradip project
Bharat Coking, Tata Steel venture plan halted
Ansal Properties signs pact with Malaysia's Faber Group
Heidelberg in pact with Indorama Cement
Ind-Swift gets Australian certification
MetalJunction plans coal futures auction
UB, Millennium Alcobev merger not for now
AP Paper bullish on post-expansion growth
Glenrothes to double market share
UK hotel chain eyes Indian market

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line