Tag Archives: P.R. Bansal

Lords Hotels & Resorts has broadened its portfolio of hotels to better accommodate the needs of the leisure tourist, the business traveller, the bag-packer as well as the pilgrimage tourist. It will now also target at becoming the fastest growing pilgrimage hotel chain in the country. “Our next big focus is to serve the pilgrimage tourist for whom today the stay options fall largely in the unorganised domain. Out of the 26 properties that we currently operate, 7 are in the heart of such pilgrimage destinations and we are aiming at maintaining at least 30 per cent of our portfolio for pilgrimage tourists. We have identified Katra, Mathura, Vrindavan and a couple others for our upcoming projects dedicated for pilgrimage tourists,” says Rishi Puri, Vice President, Lords Hotels & Resorts. “Our hotels across the country have registered room occupancies in the range of 70 – 75 per cent in the last Financial Year. While there was only a marginal rise in ARR, the RevPAR grew by almost 8-12 per cent. This is an indication of demand outpacing supply and the need for increasing room inventories,” says Mr P R Bansal, Chief Operating Officer, Lords Hotels & Resorts. In the current financial year, the hospitality chain has plans of establishing hotel properties in Kolkata and Bhubaneswar in the East, and in Hyderabad and Chennai in the South. “We have identified potential projects in the East where Lords Hotels & Resorts has not made a mark yet and also in the South where we see tremendous growth in the coming years,” adds Bansal.

Lords Hotels & Resorts has announced plans of launching a new resort in Gujarat’s Chotila. Currently under construction, the resort is expected to commence operations in the last quarter of 2018 making it the chain’s 16th property in Gujarat and overall its 29th. To be launched as Lords Resort Chotila, the forty-six rooms resort will offer accommodations to the pilgrimage tourists visiting the popular Chotila Mata Mandir. Being a resort property it will host all kinds of recreational facilities which will serve as great holiday stays for the leisure tourists too. The development is also in line with Lords Hotels & Resorts’ focus on capitalising on pilgrimage tourism – a segment which is one of the support pillars of the Incredible India campaign. “We are delighted to announce our latest venture in Chotila. This will be our eighth property located at a pilgrimage site and we are consciously focusing on expanding in this segment. While Lords Resort Chotila will be a great place to stay for the pilgrimage tourist, the resort will be a fabulous retreat for the leisure traveller too. The resort architecture is inspired by the shape of a crescent moon and the rooms are designed in the traditional Bhunga style with adjoining private sit out areas overlooking water bodies built around it,” says P R Bansal, Chief Operating Officer, Lords Hotels & Resorts. “I wish to congratulate Ramzan V Halani who owns the property and look forward to partnering for future ventures in the region,” he adds.

Lords Hotels & Resorts has added a new property in Jamnagar, Gujarat to be launched under the ‘Eco Inn’ branding. It is the brand’s 15th hotel property in the state and overall, its 28th. The property is expected to commence operations in the fourth quarter of this year. Lords Eco Inn – Jamnagar will have 65 rooms with modern amenities and full-services. The property will have an elegant banquet hall attached to sprawling green lawns and will also have its trademark multi-cuisine restaurant – Blue Coriander. “We are pleased to officially announce the sign-up of Lords Eco Inn – Jamnagar and congratulate our partners for their new venture with us. From our first hotel Lords Plaza in Surat back in the year 2007 to the latest, Lords Hotels & Resorts has created a niche for itself in the region and is Gujarat’s ‘numero uno’ hospitality brand today,” says P R Bansal, Chairman and Managing Director, Lords Hotels & Resorts. Lords Eco Inn – Jamnagar is a partnership venture with entrepreneurs Sunil Lodaya and Kuldeep Sinh. “Our presence dots the western coast of Gujarat roughly at intervals of 130 km of each other. Lords Eco Inn – Jamnagar will be our seventh property in the region and with it, we will have created a complete beach circuit in Gujarat. All properties in the circuit cater to a mix of business, leisure, pilgrimage and adventure tourism, and Lords Hotels & Resorts enjoys a lion’s share in the region. Once launched, we are expecting Lords Eco Inn – Jamnagar to capture a significant part of business tourists visiting the city,” says Rishi Puri, Vice President, Lords Hotels & Resorts.

The Indo-American Business Chamber of SME in association with Lords Hotels & Resorts recently organised a comprehensive forum on Goods & Service Tax (GST) for the Small and Medium Enterprises (SMEs) at Hotel Sahara Star, Mumbai. The forum witnessed a number of entrepreneurs from various industries including manufacturing, real estate, hospitality and banking. Shiv Pratap Shukla, Minister of State (MoS) for Finance, Government of India who was the chief guest for the evening addressed many concerns expressed by the attendees and clarified nuances around the latest GST resolutions announced last month. While applauding the Govt. and its revolutionary tax reform, P R Bansal, Chairman & Managing Director, Lords Hotels & Resorts, also raised a few concerns affecting the real estate and hospitality sectors. In his speech, he appealed to the Minister to consider the pleas and convey the concerns to the GST Council for deliberation. “The reduction in GST rate for restaurant was made by the GST Council based on the feedback we received from people. We are happy that we not only reduced the GST rate from 18 per cent to 5 per cent but also made it uniform for all restaurants,” Shiv Pratap Shukla concluded.  

Lords Hotels & Resorts has announced the signup of its fourth hotel property in Nepal. With 105 keys, the premium resort property will be named Lords Resort Budhanilkantha because of its proximity to the sacred temple. It is slated to commence operations by the end of 2017. This would become Lords Hotels & Resorts’ second hospitality offering in Kathmandu with Mirage Lords Inn being its first. Besides these two, the hotel chain has signed up two other hotel properties in Birjung and in Bhaktapur which too will shortly open to tourists. With four properties, Lords Hotels & Resorts will become the leading Indian hospitality brand in the paradise tourist destination of Nepal. “We are pleased to announce the launch of Lords Resorts Budhanilkantha and are positive that this will become a landmark resort in Kathmandu. Built on a vantage point, it is away from the hustle bustle of the city. Access to the city, however, is unrestricted and convenient. Being located at the top of a hill, skirted by dense flora, every room will offer a magnificent view of the valley and its fauna. Besides offering an unparalleled location advantage, the resort will also cater to travelers across the spectrum from leisure to adventure and business to pilgrimage,” says P.R. Bansal, Chairman & Managing Director, Lords Hotels & Resorts.

Lords Hotels & Resorts has recently signed its 26th property in Bharuch, Gujarat. To be branded under the Lords Eco Inn banner, it is scheduled to commence operations from December 2016. This makes Lords Hotels & Resorts the largest hotel chain in the state. Located between the two major cities of Surat and Vadodara, Lords Eco Inn – Bharuch serves as an ideal stopover destination. With a 48 rooms, the eco inn offers luxurious accommodations and full-service at friendly prices for the discerning business and leisure traveller. P.R. Bansal, CMD, Lords Hotels & Resorts, says, “The addition of this hotel to our chain of hotels marks a significant milestone and one that is unique, for us. From the first hotel back in 2007 which was set in this very state to this one in 2016, we have gone on to become the largest chain of true value hotels in Gujarat. Today our hotels dot the entire region. We now have all its four brands including Lords Plaza, Lords Inn, Lords Resort and Lords Eco Inn that caters to the leisure, corporate and also the pilgrimage tourists which Gujarat Tourism is known for in the state. Of the 15 Lords Hotels & Resorts properties in the state, this will be the sixth ‘Eco Inn’ brand for the group.” “We have been looking to aggressively establish our presence across the country while maintaining Gujarat as the home. In the last few months we have added three new properties in Jammu, Agra and Thrissur. We are looking to expand our portfolio not just in India but also outside, especially in the neighbouring countries where the hospitality sector still has a huge margin for …

Lords Hotels & Resorts is aiming at adding 15 properties to its portfolio to take the total count to at least 40 properties by the year 2020. “We are slated to announce the launch of our second property in Nepal and are also looking at setting feet in Kenya and some other countries  in the African continent,” says P.R. Bansal, Chairman, Lords Hotels & Resorts. The hotel chain is also planning on strategic growth in the Tier ll and Tier lll cities and towns. “The scope for growth for hotels in the affordable sector especially in the Tier ll and Tier lll regions is larger. It is our target to add four hundred new rooms by 2020,” says Rishi Puri, Vice President, Lords Hotels and Resorts. “We recently added a couple of properties to our portfolio in the south including a lavish resort in Thissur. The east has a good potential for growth especially in the mid-market segment and with our strength in this area, we are positive that we would be able to quickly take a lead in the region,” says  Bansal. “We are focusing on expansion across all the categories. Of our three new launches, our properties in Jammu and Agra belong to the Lords Inn brand, while our property in Kerala belongs to the Lords Resorts brand. In the forthcoming phase we will also be looking to hard promote our five branded F&B outlets and one spa. As India claims its rightful place on the global tourism map, Lords is poised to tap this great opportunity to its optimum potential,” concludes Puri.

Lords Hotels and Resorts, has announced the launch of its latest property in Agra – Hotel PL Palace. Located in the heart of the city at a close proximity to the Taj Mahal, the hotel aims at offering affordable luxury. Segmented under its brand, ‘Lords Inn’, Hotel PL Palace houses fifty-six contemporary rooms with all facilities, an in-house coffee shop, a specialty restaurant and bar, and is equipped with a state of the art health and fitness club, a rejuvenating spa and also a roof-top pool. “We take immense pride and pleasure in announcing the launch of our twenty-sixth property, especially because we did not have presence in the east, until now. Besides, this property will be the kind that will be as inviting for foreign tourists who visit India to witness the grand splendor of the Taj Mahal as it will be to MICE travelers,” says P.R. Bansal, Managing Director, Lords Hotels and Resorts.