New Delhi, Oct. 21 -- The LaLiT Suri Hospitality Group has earmarked an investment of Rs.600 crore over the next five years to add about 1,000 rooms to its portfolio in hotels it owns and through management contracts in new markets, the company's top executive told Mint.

"We plan to invest Rs.600 crore in properties where we own the land, while using management contracts to expand where our partners bring the capital. Whether we own a property or manage one, every hotel of ours will carry the same spirit and character," said Jyotsna Suri, chairperson and managing director of the company.

The group owned by Bharat Hotels Ltd plans to add roughly half the new rooms in properties it owns in Ahmedabad and Chitrakoot and the remainder throug...