Hotel Leelaventure surges on plan to open five new properties

Hotel Leelaventure is currently trading at Rs. 28.20, up by 0.40 points or 1.44% from its previous closing of Rs. 27.80 on the BSE.

The scrip opened at Rs. 28.50 and has touched a high and low of Rs. 28.50 and Rs. 28.15 respectively. So far 10356 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 44.00 on 25-Oct-2011 and a 52 week low of Rs. 27.05 on 04-Sep-2012.

Last one week high and low of the scrip stood at Rs. 28.65 and Rs. 27.05 respectively. The current market cap of the company is Rs. 1093.67 crore.

The promoters holding in the company stood at 56.57% while Institutions and Non-Institutions held 7.68% and 35.75% respectively.

Hotel Leelaventure, a major hospitality chain is planning to open five new properties, through a mix of company-owned and managed properties. The company is considering new properties at Agra, Ashtamudi, Jaipur, Bangalore and Noida. Through this initiative, the company aims to strengthen its presence across the country. The entity aims to complete its 326-room new property in Chennai by the third quarter of the current financial year.

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.