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Marigold Capital to buy Hotel Leela Venture’s 326-room hotel in Chennai: Report

05 Sep 2017 Evaluate

Private equity fund Marigold Capital and Investments has reportedly agreed to buy Hotel Leela Venture’s 326-room hotel in Chennai. Investment bank JM Financial is the advisor for the sale. The sea facing hotel boasts 295 deluxe or premiere rooms and 31 suites besides the banqueting space spread over 28,000 square feet.

Hotel Leelaventure is an India-based holding company, which is engaged in hoteliering business. The company is engaged in providing accommodation and food services, and food and beverage services.

Peers
Company Name CMP
The Indian Hotels Co 888.25
ITC Hotels 174.45
Mahindra Holi.&Resor 197.05
EIH 311.35
Chalet Hotels 809.80
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