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

HLV Ltd. | Hotel, Resort & Restaurants | Travel & Hospitality | BSE: 500193 | NSE: HLVLTD

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	728.50
ITC Hotels	164.00
Mahindra Holi.&Resor	199.45
EIH	296.65
Chalet Hotels	895.40
View more..

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.