Key Quantitative Figures
- Addition of 19 new accommodation units across two properties in Chennai
- Thillai Residency property: 18 accommodation units
- Vinayaga Flats property: 1 accommodation unit
Property Locations and Details
- Thillai Residency: Located at Korattur, Chennai - fully managed serviced apartment property with 18 units
- Vinayaga Flats: Located at Choolaimedu, Chennai - 1 serviced accommodation unit
- Properties situated in well-connected residential and commercial neighborhoods with access to business districts, industrial hubs, healthcare facilities, and transportation networks
Strategic Purpose and Rationale
Expansion strengthens the company's serviced accommodation portfolio in Chennai, catering to business travelers, corporate guests, long stay visitors, and leisure travelers seeking quality, convenience, and value. The company focuses on delivering quality guest experiences while increasing presence in key markets.
Management Commentary
Mr. Wilfred Selvaraj, Managing Director, stated: "The addition of these 19 accommodation units marks another important milestone in strengthening the Luxe Living portfolio in Chennai. We continue to witness growing demand for professionally managed serviced accommodations from corporate travellers, families and long stay guests who seek comfort, convenience and dependable service. As we expand our hospitality portfolio, our focus remains on delivering quality guest experiences while increasing our presence in key markets. This expansion reflects our commitment to offering reliable accommodation solutions that cater to the evolving needs of today's travellers."
Company Background
LGT Global Hospitality Limited (formerly known as LGT Business Connextions Limited) is a diversified travel and hospitality company (BSE SME: 544489) providing integrated travel and tourism solutions including MICE (Meetings, Incentives, Conferences and Exhibitions), hotel bookings, cruise bookings, ticketing, visa processing, inbound and outbound travel solutions, religious tourism packages, and customized domestic and international travel experiences.
Regulatory and Administrative Details
- Company Secretary and Compliance Officer: Ankita Jain
- Registered & Corporate Office: No.18/1 & 18/2 (18), First Cross St., Brindavan Street Extn., West Mambalam, Chennai - 600033, India
- Company website: www.lgtholidays.com
- Press release available on company website
Forward-Looking Statements Disclaimer
The document contains forward-looking statements within the meaning of applicable securities laws regarding intent, belief or current expectations of the Company management. Statements are not guarantees of future performance and involve risks and uncertainties including changes in economic conditions, regulatory developments, market demand, competitive environment, and other business factors.