Hotel Leelaventure pvt limited which runs a chain of luxury hotels, has signed a contract to manage an upcoming 250-room hotel in Noida adjoining Delhi.
The hotel is being built by real estate company Supertech at an investment of Rs 450 crore as part of its mixed-use project called Supernova.
Vivek Nair, vice-chairman and managing director of Hotel Leela Venture, said his company aims to focus more on an asset light strategy, doing mostly management contracts for new hotels. It recently signed another management contract with the Bhartiya Group for a 235-room hotel near the new Bangalore airport.
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