In recognition of his contribution to the hospitality industry, Adeeb Ahamed, managing director of Twenty14 Holdings, has received the ‘Hurun Industry Achievement Award in Hospitality & Retail Real Estate 2017.’
The award was given during the Hurun Real Estate Leadership Summit and Excellence Awards, which marks the achievements of the real estate sector in India. The gala event in Mumbai hosted some of the most successful real estate entrepreneurs with various sessions and panel discussions on understanding real estate landscape of India.
Established as a research unit in 1999, the Hurun Report Inc has grown into a leading publishing group, whose yearly rich list is widely recognised as the foremost authority in tracking the rapid changes among high net worth individuals worldwide.
Ahamed has made a mark for himself on the global level, engaged in various sectors including hospitality, organised retail, and financial services.
Twenty14 Holdings, the hospitality arm of Abu Dhabi-based conglomerate LuLu Group International, led by Ahamed, was founded in 2014 to capitalise on the growth in the global hospitality industry.
The company currently has assets worth more than $650mn spread across the UK, Middle East, and India.
In India, the group marked its entry into the hospitality sector with the acquisition of a hotel in Kochi in 2015, which is under renovation. Since then Twenty14 Holdings has invested in two other properties in Bengaluru that are under various stages of development. With the first phase of development already underway in Kerala and Karnataka, the group is on the lookout for investment options in other major cities across India.
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