09/05/2007
DLF Hotels to bring Four Seasons to Gurgaon
DLF Ltd has announced that DLF Hotels, the hospitality arm of the Company, on August 30, 2007 announced that it has reached an agreement with Four Seasons Hotels and Resorts to operate a proposed luxury hotel at DLF Golf Links, in Gurgaon.
Targeted to open by end 2010, Four Seasons Hotel Gurgaon will be located at the DLF Golf & Country Club in DLF City, Gurgaon. The 230 room Hotel will overlook the picturesque 18 - hole, Arnold Palmer Signature Golf Course, and will feature several dining options, a full feature spa, as well as facilities for meetings and functions.
This move further strengthens the DLF Hotels portfolio and the vision of developing, acquiring, financing and actively managing quality hotels. The company is well poised to achieve its target to build and "own" India's largest hotel assets with over 25,000 - 30,000 guest rooms in next 7 - 10 years. In November 2006, DLF Hotels had announced its first JV with The Hilton Hotels to develop 60 - 75 business hotels throughout India.
The Company is the largest real estate development Company in India in terms of area of completed residential and commercial development (Source AC Neilsen Report. The Group's existing range of business verticals span across the Homes, Offices, Shopping Malls, SEZs, Hotels and Infrastructure, which contributes towards ‘Building India’. DLF has projects with lettable or saleable area of approximately 44 million square feet under construction and Land Reserves across 31 cities.
Four Seasons is dedicated to perfecting the travel experience through continuous innovation and the highest standards of hospitality. Founded in 1960, Four Seasons has followed a targeted course of expansion, opening hotels in major city centres and desirable resort destinations around the world. Currently with 74 hotels in 31 countries, and more than 25 properties under development, Four Seasons continues to lead the hospitality industry with innovative enhancements, making business travel easier and leisure travel more rewarding.
Source: Equity Bulls
07:20 Posted in Blog | Permalink | Comments (1) | Email this
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