Hotel Leelaventure Postpones Launch of its Mid-Scale Hotel Brand

Hotel Leelaventure who is running its luxury hotels under famous Leela brand has postponed launching of its much awaited hotel brand. Right now the focus of the company is to control and keep the expenditure under control. One of its brand Leela Gardens was to be established but the company decided to go for it later on. Vivek Nair, vice chairman and MD, Hotel Leelaventure in his interview accepted that presently company is targeting on lowering down capital expenditure.

This year April 2011 Capt CP Krishnan Nair desired to construct new 30 to 40 rooms hotels at several pilgrimage sites and this innovative idea from his granddaughter side Samyukta Nair, who is currently pursuing Hotel Management course in Lausanne,Switzerland.She will also a key role in this business plan as she will be heading it. After 2007 this is the first time in the history of Leelaventure that any project got delayed. The company almost postponed all its preplanned projects. The list of mid scale projects is ready but launching would be done after few years from now. The present goal of company is to make the keep capital expenditure under control to utilize in further projects. This reduction will benefit company in many ways.