Jumeirah Group, the global hospitality company and a member of Dubai Holding, has forayed into India with its maiden management agreement to operate a luxury hotel at Lower Parel in central Mumbai. The hotel is part of a major new development in the Lower Parel district of the city and is expected to open in 2017, said the Dubai-based company in a release.
The agreement represents the first phase of Jumeirah Group’s expansion into India, which is currently also in advanced negotiations on potential projects for hotels and resorts in other key destinations in the country.
The first property will consist of 470 spacious rooms, suites and serviced apartments, along with a wide range of restaurants and bars. “We will unveil the name of the hotel and further details about the Mumbai project at the next stage of the property’s development in mid-2013,” said a company spokesperson.
“The demand for five-star hotels in the Indian market has been robust and we are delighted to have initiated the first phase of our expansion into India with this landmark project in Mumbai,” said Gerald Lawless, president and group CEO of Jumeirah Group.
The group currently operates 20 luxury hotels and serviced apartments, including 10 in the UAE, seven in Europe, two in the Maldives and one in China. A further 15 hotels are also under development.
Source: Economic Times