Thailand’s Lebua hotels & resorts is on expansion spree. It plans to open new luxury destinations outside its home base. The Lebua group is seeking a public listing in either Bangkok or Singapore to fund this new expansion. The planning for IPO is on advanced stage.
High profile CEO of Lebua group, Deepak Ohri is keen on expanding business and has chalked out a massive plan with new initiatives. His concept ‘floating river club’ and ‘container hotel’ will open in Asia in the year 2020.
Lebua is known for its iconic 247-meter tall ultra luxury hotel in Bangkok. Despite global recession, Ohri has transformed the lustreless serviced apartment complex into a luxury hotel in 2006, by marketing its golden rooftop dome as “the world’s first vertical destination.
Speaking to Mumbai Messenger, Deepak Ohri said “We’re going for a listing in the stock exchange. We’ve been working hard to complete the pre-listing process. We’re thinking to list either in Bangkok or Singapore.”
Lebua’s portfolio comprises of two luxury boutique hotels in India, a 41-room heritage property Lebua Lucknow in Uttar Pradesh and a 44-room Lebua Corbett, a jungle resort bordering the Jim Corbett National Park about four to five hours’ drive from New Delhi. The company also manages the Lake Okareka Lodge by Lebua in Rotorua, New Zealand, a lake house with three suites. Two more hotels in India will open next year, in Nainital, a hill station in the state of Uttarakhand and popular beach destination in Goa.
It may be noted that Lebua hotel is one of the most sought after hotel at Bangkok. The Dome at Lebua today has four restaurants, two of which are Michelin starred, and a string of specialty bar concepts, all offering unrivalled views of the Chao Phraya River. They are planning total 25 restaurants in next few years down the line. Hoteliers in Bangkok keeps close tab on Deepak Ohri’s next move.