Kochi: Twenty14 Holdings, the hospitality investment arm of LuLu Group International, on Monday announced the acquisition of its first property in India — the Abad Airport Hotel in Kochi.
The 54-room hotel is located near the Cochin International Airport.
The Dubai-based Twenty14 Holdings is currently in talks with Marriott to rebrand the property as Kochi’s first Fairfield by Marriott hotel.
Twenty14 Holdings currently has assets worth more than $450 million spread across Britain, the Gulf region and India.
The company recently opened its first five-star hotel in the UAE at Business Bay in Dubai, managed by Germany-based hospitality firm Steigenberger Hotel Group.
It has also entered into a 110 million pound agreement with property developer Galliard Homes to create a luxurious five-star hotel at 1-5 Great Scotland Yard, the former headquarters of London’s Metropolitan Police Service.
“The vision for Twenty14 Holdings is to own mid-scale hotels along with luxury properties across the length and breadth of the subcontinent, providing quality hospitality options for domestic as well as foreign tourists,” said Twenty14 Holdings managing director Adeeb Ahamed.