Vivek Nair
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 is in talks with sovereign wealth funds of Abu Dhabi, Qatar and Malaysia to sell off its two main properties situated in Delhi and Chennai for around Rs 1,850 crore. The two properties will be hive off into separate entities by the firm which owns, operates and manages hotels, palaces and resorts. [...] Continue Reading »
