LGT Global Hospitality Limited has expanded its Luxe Living serviced accommodation portfolio in Chennai with the addition of 19 new accommodation units across two strategically located properties. The expansion includes Thillai Residency, a fully managed serviced apartment property comprising 18 units at Korattur, Chennai, plus one additional serviced accommodation unit at Vinayaga Flats in Choolaimedu, Chennai.
The move adds to Luxe Living’s portfolio of professionally managed serviced accommodations catering to business travellers, corporate guests, and long-stay visitors, reflecting continued demand for flexible, apartment-style stays in Indian metro cities beyond traditional hotel formats.
Why Are Serviced Apartments Growing in Indian Cities Like Chennai?
Serviced apartments such as those added under the Luxe Living brand meet demand from corporate travellers and long-stay guests who want more space and flexibility than a standard hotel room, often at a lower cost for extended stays. Chennai’s status as a major IT and manufacturing hub means steady demand from relocating employees and business visitors, a segment that has driven growth in the serviced accommodation category across India.
What Does This Expansion Mean for India’s Hospitality Sector?
LGT Global Hospitality’s Chennai expansion is part of a broader trend of hospitality operators diversifying beyond traditional hotel rooms into managed serviced accommodation, a segment that has grown as India’s hospitality market moves toward domestic travel, budget-conscious stays, and experience-based options. The addition of 19 units, while modest in scale, signals continued operator confidence in Chennai’s corporate travel demand.
Industry Reaction and Expert Commentary
India’s hospitality sector has been expanding room supply broadly, with listed hotel operators expected to add more than 70,000 rooms nationally by 2030 as the market grows toward a projected $31 billion by 2029. Serviced apartment operators like LGT Global Hospitality are positioning themselves to capture a share of this growth outside the conventional branded-hotel category.
What Happens Next?
LGT Global Hospitality is expected to continue scaling its Luxe Living portfolio in Chennai and potentially other Indian cities as it targets corporate and long-stay guests. Continued growth in this segment will likely be watched alongside broader hospitality sector trends toward domestic tourism and flexible accommodation formats.
Frequently Asked Questions
How many new units did LGT Global Hospitality add?
LGT Global Hospitality added 19 new accommodation units in Chennai under its Luxe Living brand, across Thillai Residency and Vinayaga Flats.
Who does Luxe Living target?
Luxe Living’s serviced accommodations target business travellers, corporate guests, and long-stay visitors in Indian cities.
Where are the new Luxe Living units located?
The new units are located in Korattur and Choolaimedu, both in Chennai, India.
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