Hotel Leela Venture has completed sale of its business to Canadian investment fund Brookfield and the proceeds of deal were used in payments to its lenders.
In March this year, Hotel Leela Venture had announced sale of its four hotels, including one in the national capital, and a property to Brookfield Asset Management for Rs 3,950 crore.
Hotel Leela Venture 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.
