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hotel leela venture ltd

Leela Group to sell part of its property to meet debt

Leela Group to sell part of its property to meet debt
The Leela Group which is the former partner of Kempinski AG in India is in talks to sell some part of its properties in order to pay debt as stated by its chairman Vivek Nair. The group, whose listed unit Hotel Leela Venture Ltd. had a total debt of Rs 5,000 crore ($821 million) as [...] Continue Reading »

Hotel Leela Venture signs deal with Prestige group to jointly develop its surplus land in Bangalore

Hotel Leela Venture signs deal with Prestige group to jointly develop its surplus land in Bangalore
A joint development agreement has been signed by Hotel Leela Venture and Prestige group for developing Hotel Leela’s surplus land in Bangalore. The agreement which Hotel Leela Venture and Prestige group have signed is part of the Leela Venture strategy for the monetisation of its non-core assets. The joint project to develop Hotel Leela’s surplus [...] Continue Reading »



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