LGT Global Hospitality expands Luxe Living portfolio with 19 units in Chennai
LGT Global Hospitality Limited expanded its Luxe Living portfolio in Chennai with 19 new units across Thillai Residency and Vinayaga Flats. The company aims to meet rising demand from corporate and leisure travellers through this strategic addition.

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LGT Global Hospitality Limited has strengthened its presence in Chennai by expanding its Luxe Living serviced accommodation portfolio with the addition of 19 new accommodation units across two strategically located properties. This expansion aims to cater to the growing demand from business travellers, corporate guests, and long stay visitors seeking professionally managed stays.
The latest expansion includes the onboarding of Thillai Residency, a fully managed serviced apartment property comprising 18 accommodation units located at Korattur, Chennai, and one serviced accommodation unit at Vinayaga Flats in Choolaimedu, Chennai. These properties are situated in well-connected residential and commercial neighbourhoods, providing guests with easy access to key business districts, industrial hubs, healthcare facilities, and transportation networks across Chennai.
| Property Name | Location | Units |
|---|---|---|
| Thillai Residency | Korattur, Chennai | 18 |
| Vinayaga Flats | Choolaimedu, Chennai | 1 |
| Total | 19 |
Commenting on the development, Mr. Wilfred Selvaraj, Managing Director, LGT Global Hospitality Limited, said, "The addition of these 19 accommodation units marks another important milestone in strengthening the Luxe Living portfolio in Chennai. We continue to witness growing demand for professionally managed serviced accommodations from corporate travellers, families and long stay guests who seek comfort, convenience and dependable service. As we expand our hospitality portfolio, our focus remains on delivering quality guest experiences while increasing our presence in key markets."
LGT Global Hospitality has been consistently expanding its hospitality offerings across multiple segments, including hotels, serviced apartments, holiday homes, and travel solutions. The company remains focused on increasing its accommodation inventory in high growth markets while creating value through operational excellence and strategic partnerships.
Historical Stock Returns for LGT Global Hospitality
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.99% | +16.84% | +11.21% | -31.26% | -40.47% | -40.47% |
What are LGT Global Hospitality's plans for further expansion in other high-growth markets beyond Chennai?
How will the company leverage strategic partnerships to enhance its operational excellence in the serviced accommodation segment?
What impact will this expansion have on LGT's market share in Chennai's competitive hospitality sector?


































