Bharat Hotels, which runs the Lalit brand of hotels and resorts in India, has acquired a 70-room property in London that will be operational in three years.
The building, which was an academic institute earlier, is being renovated by the company.
“We had acquired a property two months back. It is now being converted into a hotel, which will be operational under the Lalit brand in the next three years,” Bharat Hotels Chairperson and Managing Director Jyotsna Suri told reporters here. Mr. Suri did not share details of the amount of money being invested by the company in the project. She said two other international firms were in the race to acquire the property.
