The world is discovering India in a big way, making it a preferred destination for business and leisure. The country’s travel and tourism industry already generates over $100 billion annually, and the number is estimated to touch $275 billion by 2018. Currently there is a shortfall of nearly 1,50,000 hotel rooms.

HDIL Leisures, is created with a strong focus to establish itself as a premium hospitality and lifestyle development company in India. Housing Development & Infrastructure Limited (HDIL), the real estate company owns 45% stake in HDIL Leisures and the balance 55% is owned by the promoters of HDIL. The company will own and develop luxury, fine dining concepts and high end restaurants along with business and budget hotels.

The hospitality company will develop and own world class five star hotels, service apartments, mixed-use premium projects and fine dining restaurants across key cities in the country and intends to collaborate with renowned hospitality partners for managing the project. HDIL Leisures will be offering business and leisure travelers the finest in accommodation, service, amenities and value through these state-of-the art projects.

In Mumbai, HDIL Leisures is at present executing its first ever luxury five-star hotel project at Juhu, to be managed by leading international hospitality company Hilton group under the brand “Conrad”. Scheduled to open in the year 2014, with approximately 200 rooms Conrad Mumbai is the first Conrad hotel to be introduced in Western India by Hilton Worldwide.