Al Sawari Holding, one of Qatar’s leading private companies, has signed an MoU and two management agreements with leading hospitality companies to mark its entry into India. The collaborations were formalised on the occasion of PM Narendra Modi’s visit to Qatar. An MoU has been signed by H E Sheikh Faisal Bin Qassim Al Thani, chairman, Al Sawari Holding and Vivek Nair, chairman and managing director, The Leela Palaces, Hotels and Resorts. Under this agreement, the Al Sawari Group will purchase a six-acre site from The Leela Group in Agra to develop a hotel complex. Al Sawari Holding has also entered into a management agreement with the Leela Group to operate a 100-room Leela Palace Hotel on this site. Another management agreement has been signed with Aiana Hotels and Resorts to operate a 150-room Aiana Hotel on the same plot.
“Qatar has a long history of bilateral relations with India and there is a lot of synergy between the two cultures. We are delighted to enter into these landmark agreements with The Leela Palaces, Hotels and Resorts and Aiana Hotels and Resorts during the historic visit of Prime Minister Narendra Modi to Qatar. We are confident that Al Sawari Holding’s foray into the Indian hospitality industry will further enhance the economic and culture relations between the two countries,” said Al Thani.
“In line with our strategy to acquire key assets in strategic global locations, the property is located less than one kilometre from the Taj Mahal and will offer unparalleled views of the historic monument,” he added.
The two new hotels will offer a host of signature restaurants and lounges along with banquet halls and health centres and spas. Both hotels will cater to the upmarket leisure tourists and the MICE segment. Construction is expected to commence soon and will be completed within 36 months.
“These agreements are the first of many that we, as a group, plan to enter into in India. We firmly believe in the potential of the India market and will continue to seek growth opportunities to create value and expand our portfolio in India,” said Mohammed Shafiek, managing director, Al Sawari Holding.
“We are delighted to partner with Al Sawari Holding, and view this agreement as a forerunner to several other developments in India and overseas. The proposed palace hotel will combine unparalleled views of the Taj Mahal with a luxurious hospitality experience in Agra. We are also looking forward to further strengthening our presence within the golden triangle by adding a palace hotel in Jaipur and will continue our efforts to expand in Jodhpur and Jaisalmer,” said Nair.
“We are delighted to announce the expansion of the AIANA portfolio in India with the signing of a management agreement with A Sawari Holding to operate AIANA Agra – a 150-room hotel in one of the most visited leisure destinations in India,” added Amruda Nair, joint managing director CEO, Aiana Hotels & Resorts.