Hotel Leelaventure, one of the leading players in the Indian hospitality industry, is reportedly planning to sell its five-star property in Chennai. The company has appointed JM Financial Institutional Securities as financial advisor to facilitate the sale. The 326-room property is built on 4.8 acres.
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.
