Led by Mr. D.K. Jain, the Luxor Group diversified in the hospitality business with its first acquisition of Hotel Qutab in 2002. The Luxor Hotels and Resorts Pvt. Ltd., a 50:50 joint venture with the Hyatt Group, acquired the ITDC-promoted four-star property in an open bid. With this acquisition, the Luxor Group intends to set up a countrywide chain of hotels and resorts in a bid to ensure world-class facilities and best-possible services for visitors on board. 

Located only a short distance away from the Domestic & the International airport, The Qutab in Delhi has been a noted landmark for decades and remained a flag-bearer of traditional Indian hospitality. The star establishment was, therefore, a natural choice when the Group decided to make its entry to the hospitality industry in a big way.  

The Group has invested substantially to effect an exciting facelift – a pleasing combination of beautiful interiors, gourmet cuisine, thrill-packed entertainment zones and impeccable services. The new-look Qutab is one of the best among contemporary business hotels – boasting 175 luxurious rooms and 45 state-of-the-art apartments, as well as elegant banquet halls and distinguished multi-cuisine restaurants to make it the most desired home away from home for business and leisure travellers.

Powered by the phenomenal growth in domestic and international tourism, the hospitality industry in India is delivering record-breaking results. During 2005-2006, occupancies were more than 70%, along with a staggering growth of 30% in average room rates – putting India’s top hotels on par with their European counterparts in terms of growth and profitability. Luxor’s recent foray into the hospitality industry is, therefore, expected to pay rich dividends and ensure incremental growth – thus enabling the Group to maintain its position as a forerunner.