In a bid to trim down debt, Hotel Leela Venture is reportedly planning to divest stake in Leela Palace Delhi, Chennai. The company’s total debt stood over Rs 4,500 crore. Earlier, the company sold Leela Kovlam for Rs 500 crore.
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.
