The Leela Palaces, Hotels and Resorts is an Indian luxury

hotel chain A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suite (hotel), suites with bigger, higher-quality beds, a d ...

founded in 1986 by C. P. Krishnan Nair and currently owned by Brookfield Asset Management.

History

The Leela Palaces, Hotels and Resorts were founded as part of The Leela Group, which was named after the founder C. P. Krishnan Nair's wife. Capt. Nair bought 11 acres of land near his house in Sahar Village, Mumbai to build his first hotel, The Leela Mumbai, in 1986. It was the first luxury hotel near the current Chhatrapati Shivaji International Airport. Headquartered in Mumbai, The Leela Palaces, Hotels and Resorts is owned by a Brookfield Asset Management-sponsored private real estate fund and operates twelve award-winning properties in major cities and leisure destinations across India. These include the flagship hotel in the capital city of New Delhi, Bengaluru, Chennai, Udaipur, Jaipur, Gurugram, East Delhi, Mumbai, Gandhinagar, Kovalam and Ashtamudi. In 2001, the group's first modern hotel was built with 357 rooms in the IT capital of India, Bangalore, inspired by the Mysore Palace and the architecture of the 13th century

Vijayanagara Vijayanagara () is a city located in Vijayanagara district of Karnataka state in India.Vijayanagara

empire, and is surrounded by seven acres of gardens. By 2009, two more properties were added to this portfolio: The Leela Palace in Udaipur (
Rajasthan Rajasthan (; Literal translation, lit. 'Land of Kings') is a States and union territories of India, state in northwestern India. It covers or 10.4 per cent of India's total geographical area. It is the List of states and union territories of ...
) and The Leela Ambience Gurgaon. The Leela Ambience Gurgaon Hotel & Residences is the group's first non-owned, managed property. The Leela Palace New Delhi opened in April 2011; the palace is inspired by Sir
Edwin Lutyens Sir Edwin Landseer Lutyens ( ; 29 March 1869 – 1 January 1944) was an English architect known for imaginatively adapting traditional architectural styles to the requirements of his era. He designed many English country houses, war memorials ...
Delhi. The group opened a new hotel in
Chennai Chennai, also known as Madras (List of renamed places in India#Tamil Nadu, its official name until 1996), is the capital city, capital and List of cities in Tamil Nadu by population, largest city of Tamil Nadu, the southernmost states and ...
in 2013 called The Leela Palace Chennai. The second Managed hotel was taken over in year 2015, in East Delhi, The Leela Ambience Convention Hotel. In 2021, the group further expanded its portfolio with three new hotels; The Leela Palace Jaipur, The Leela Gandhinagar and The Leela Bhartiya City Bengaluru. There are plans to open new hotels in Hyderabad, Sikkim and Agra. The brand has marketing alliances with US-based Preferred Hotels and Resorts and is a member of Global Hotel Alliance based in Dubai. A previous marketing alliance with Swiss-based Kempinski ended in October 2013. In a deal in October 2019, the company sold its hotel properties and operations as well as hotel assets located in New Delhi, Bengaluru, Chennai, Udaipur to Canada-based Brookfield Asset Management, in an INR 3,950 crore settlement, marking the entry of Brookfield in India’s hospitality market. ITC Group had objected to the sale of Leela owned hotels citing reasons of misappropriation of funds in the sale transaction which was led by the consortium of banks and also due to the fact the interests of minority shareholders were overlooked, and other bids submitted by interested bidders were not considered by JM Financial, the asset reconstruction company in Mumbai. The Securities Appellate Tribunal in September 2019 rejected the petition of ITC clearing the way for Brookfield to acquire the hotels. In addition to ITC, there were other suitors for the Leela Hotels & Resorts, including that of Rashid Al-Habtoor a UAE businessman jointly with an Arms Dealer Abhishek Verma who submitted their bid of US$600 million in January 2019 however their bids were not entertained and questions were raised on the conduct of JM Financial in this sale transaction.

Business structure
''The Leela Palaces, Hotels and Resorts'' is the trading name of ''Leela Palaces and Resorts Limited''. ''Hotel Leelaventure Limited'' is the ultimate
holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...
of the hotel group, and is traded on the
Bombay Stock Exchange BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange based in Mumbai. It is the 6th largest stock exchange in the world by total market capitalization, exceeding $5 trillion in May 2024. Established with t ...
() and National Stock Exchange of India (). Hotel Leelaventure Limited is itself part of The Leela Group business conglomerate.

Awards
* Travel + Leisure USA World’s Best Awards – The Leela Palaces, Hotels and Resorts ranked the fifth best hospitality brand in the world, July 2016 * Experiential Venue Awards 2017 – The Leela Palaces, Hotels & Resorts wins the 'India's Favorite Hospitality Group For MICE & Weddings', July 2017 * Travel + Leisure USA World’s Best Awards – The Leela Palaces, Hotels and Resorts ranked in Top 10 best hotels Brands in the world, July 2019 * Travel + Leisure USA World’s Best Awards 2024 – #3 World’s Best Hotel Brand

References

External links
* {{DEFAULTSORT:Leela Palaces, Hotels And Resorts Hotel chains in India Hospitality companies established in 1986 Companies based in Mumbai Companies listed on the Bombay Stock Exchange 1986 establishments in Maharashtra Companies listed on the National Stock Exchange of India