The Leela Group is an Indian business conglomerate founded by Chittarath Poovakkatt Krishnan Nair in 1981, and named after his wife. The hotel division, The Leela Palaces, Hotels and Resorts, is its most well known. Wikipedia
Stock price: HLVLTD (NSE) ₹3.20 +0.15 (+4.92%)
27 Mar, 3:30 pm IST - Disclaimer
Founder: C. P. Krishnan Nair
Founded: 1981
Headquarters: India
Subsidiaries: The Leela Hotel Group, Leela Realty Limited, Amin Group Hotel Ltd.
Type
PublicTraded asBSE: 500193
NSE: HOTELEELAIndustryHospitalityFoundedMumbai, India (1983)FounderC. P. Krishnan NairHeadquartersMumbai
, India
Key people
Vivek Nair (CMD)
Dinesh Nair (JCMD)
Rajiv Kaul (President)ProductsHotels and resortsRevenue₹714 crore (US$100 million) (2017)OwnerThe Leela GroupWebsitewww.theleela.com
The Leela Hotels were founded by C P Krishnan Nair, owner of The Leela Group, which he named after his wife. 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.[1]
In 1991 a second hotel was opened in Goa. The Leela Goa was designed keeping the overall architecture of the state in mind. The luxury seaside resort has taken its inspiration from Portuguese heritage and is spread over 75 acres of land in South Goa near by Cavelossim Beach.[citation needed]
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 empire, and is surrounded by seven acres of gardens.[citation needed] The Leela Group opened its second resort in 2005 - The Leela Kovalam in Thiruvananthapuram. By 2009, two more properties were added to this portfolio: in Udaipur (Rajasthan) and Gurgaon. The Leela Kempinski Gurgaon 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 Delhi.[citation needed] The group opened a new hotel in Chennai in 2013. There are plans to open new hotels in Coimbatore, Agra, Lake Ashtamudi (Kollam, Kerala) and Jaipur.[citation needed]
The company has marketing alliances with US-based Preferred Hotels and Resorts and is a member of Global Hotel Alliance based in Geneva, Switzerland.[citation needed] A previous marketing alliance with Germany-based Kempinski ended in October 2013.[citation needed]
Recently in a shocking deal in October 2019, the company sold its hotel properties and operations as well as hotel assets located in New Delhi, Bengaluru, Chennai, Udaipur and Agra to Canada-based Brookfield Asset Management, in a Rs 3,950 crore settlement, marking the entry of Brookfield in India’s hospitality market.[2]
Stock price: HLVLTD (NSE) ₹3.20 +0.15 (+4.92%)
27 Mar, 3:30 pm IST - Disclaimer
Founder: C. P. Krishnan Nair
Founded: 1981
Headquarters: India
Subsidiaries: The Leela Hotel Group, Leela Realty Limited, Amin Group Hotel Ltd.
Type
PublicTraded asBSE: 500193
NSE: HOTELEELAIndustryHospitalityFoundedMumbai, India (1983)FounderC. P. Krishnan NairHeadquartersMumbai
, India
Key people
Vivek Nair (CMD)
Dinesh Nair (JCMD)
Rajiv Kaul (President)ProductsHotels and resortsRevenue₹714 crore (US$100 million) (2017)OwnerThe Leela GroupWebsitewww.theleela.com
The Leela Hotels were founded by C P Krishnan Nair, owner of The Leela Group, which he named after his wife. 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.[1]
In 1991 a second hotel was opened in Goa. The Leela Goa was designed keeping the overall architecture of the state in mind. The luxury seaside resort has taken its inspiration from Portuguese heritage and is spread over 75 acres of land in South Goa near by Cavelossim Beach.[citation needed]
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 empire, and is surrounded by seven acres of gardens.[citation needed] The Leela Group opened its second resort in 2005 - The Leela Kovalam in Thiruvananthapuram. By 2009, two more properties were added to this portfolio: in Udaipur (Rajasthan) and Gurgaon. The Leela Kempinski Gurgaon 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 Delhi.[citation needed] The group opened a new hotel in Chennai in 2013. There are plans to open new hotels in Coimbatore, Agra, Lake Ashtamudi (Kollam, Kerala) and Jaipur.[citation needed]
The company has marketing alliances with US-based Preferred Hotels and Resorts and is a member of Global Hotel Alliance based in Geneva, Switzerland.[citation needed] A previous marketing alliance with Germany-based Kempinski ended in October 2013.[citation needed]
Recently in a shocking deal in October 2019, the company sold its hotel properties and operations as well as hotel assets located in New Delhi, Bengaluru, Chennai, Udaipur and Agra to Canada-based Brookfield Asset Management, in a Rs 3,950 crore settlement, marking the entry of Brookfield in India’s hospitality market.[2]