Hotel Leelaventure has received an approval from the Competition Commission of India (CCI) for sale of its Goa property. CCI approved acquisition of Hotel Leelaventure’s Goa property by Malaysia-based MetTube.
As part of the debt restructuring plan, the hospitality chain had entered into a pact with MetTube to sell the Goa property for Rs 725 crore. Under the deal, the property would be purchased by Ceres Hotels, a wholly-owned Indian subsidiary of MetTube.
Hotel Leelaventure operates hotels and resorts in India. It also operates spas; and offers facilities for meetings and events, weddings, and social celebrations. The company’s portfolio includes luxury hotels and resorts primarily in Mumbai, Bangalore, Goa, Kovalam, Gurgaon, and Udaipur.
