Thursday, December 15, 2005

Hotel Leela Ventures - Investment can be considered for Long Term in Hotel Leela.

Hotel Leela has hotels in Bangalore, Mumbai and Goa and all are in Prime Locations. The group is also planning to expand in other cities including chennai. Over the last one year, the Average Room Rate and the Occupancy Rates have gone up. The festival season and the increase in business visits will improve the rates. With India's visibility increasing, the tourism industry is in for a boost.

Buying is suggested at current levels and at dips for a long term investment period of 3 years. Buyers can buy in small quantities and can average as and when correction happens.

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