The Bajaj Group of Hotels, branded under Le Sutra Hospitality, is planning to invest Rs 300-500 core to open hotels and restaurants across the country over the next 3-5 years.
“We will invest around Rs 100 crore per hotel while the investment for the restaurants may differ from city to city,” Sandeep Reddy, group general manager, Bajaj Group of Hotels.
The company would open its second hotel under Le Sutra at Dehradun with an investment of Rs 80-90 crore. The boutique hotel for which construction has already started will have 114 rooms and would be completed by 2012. It already has a hotel under Le Sutra at Mumbai.
Another 80-room capacity boutique hotel would come up at Goa under franchise. “Things have been finalised and we need to sign the negotiation,” Reddy added.It would be looking at investors for fund raising.
The company on Sunday opened in Hyderabad ‘Indian Art Cafe’, which it claimed to be the world’s first south Indian bistro.
Reddy said they were planning to open 5-6 Indian Art Cafe restaurants in major cities across the country. “We are planning to open one Indian Art Cafe restaurant every year,” he said, adding more than half the menu was the result of the research and development of its F&B team of PalmBeach Hotel at Visakhapatnam, a sister concern of the India Art Cafe.
The Rs 300-crore Bajaj Group of Hotels runs two hotels and six theme restaurants across the country. It registered a turnover of Rs 28 crore turnover last year.
