LuLu Group International's hospitality investment arm Twenty14 Holdings has purchased its first Indian property: the Abad Airport Hotel Kochi. The property will be rebranded as Kochi’s first Fairfield-by-Marriott hotel, and is Twenty14's first mid-scale hotel.
In a statement, Twenty14 Holdings Managing Director Adeeb Ahamed said that the company aimed to own mid-scale hotels along with luxury properties across India. The first phase of development will be in Kerala and Karnataka.
According to the Hindu Business Line, Twenty14 Holdings currently has properties in the UK, the Gulf and India. It recently opened its first five-star hotel in the UAE and acquired Great Scotland Yard, the former headquarters of London’s Metropolitan Police Services in London, for £110 million. A five-star hotel is expected to open on the site in early 2017. Twenty14 Holdings also co-owns the Sheraton Oman Hotel in Muscat.