Leela Palaces Hotels & Resorts Limited CC-Oct25.pdf · 2025-10-14
Hi, Prashant. Like you said, it is an operating hotel and let me just give you a little bit about the asset. It has got 546 keys with a 63 square meter average room size and a great iconic location. So, this particular property is running at a high occupancy and to give you a market standpoint, all properties on the beachfront on the Jumeirah have a blended occupancy of close to 75% and an average rate of US$600 to US$700. This particular asset, we will have a CAPEX plan, which will deploy CAPEX to upgrade the asset quality, bring it up to The Leela brand standards. And the capital plan will be rolled out in a systematic and a phased out manner, knowing the fact that it is an operating hotel. This property is spread over 23 acres and has various wings. So, you can understand that we will work on this and develop a capital plan to ensure that we can be efficient about our CAPEX strategy. It is a good operating property with very good operating outcomes and customer feedback.
So, sorry, what about the residences?