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The Leela story: How the Nair family lost keys to its hospitality treasure

Updated : March 21, 2019 08:37 AM IST

On March 20, the board of Hotel Leelaventure, which owns the Leela brand and runs properties under it, decided to sell all but one of its assets, under a slump sale arrangement to Canada's real estate fund Brookfield Asset Management.
Leela's operational hotels in Delhi, Udaipur, Chennai and Bengaluru (having a total of 1,017 rooms), a land parcel in Agra (near the Taj Mahal), leasehold rights for land in Bengaluru and license agreement for Mumbai property form the core of the deal.
The Leela story: How the Nair family lost keys to its hospitality treasure

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