DLF shifts focus to hospitality
DLF is now going to focus on hospitality where it has plans to launch three hotel properties in Delhi over the next couple of quarters in time for the Commonwealth Games and it is also looking to expand the high-end luxury brand Aman Resorts. However, it is said that DLF is lining up its wallet with $200 million to buy at least three super luxury hotel properties this financial year and is looking for properties in Laos, China and the US. Additionally, it also plans to float a special purpose vehicle to raise money for this through long-term debt. Hence, with the housing market starting to stabilize, DLF is looking to improve its business.
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